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Andres Felipe
Andrés is a young entrepreneur who has been working since he was very young because he comes from a family with few economic resources. This is why he has worked for a long time to contribute financially to his household.

Approximately two years ago he worked in a tavern where he learned customer service. Later he worked for a time in various trades. Now he wants to get ahead financially and is looking to buy a cafe to generate the income with which he can continue making a contribution in his home to overcome the great adversities that life presents.

Owing to the fact that he already has saved part of the money for the cafe, Andrés is looking for a loan that will give him the opportunity to fill out what he needs to buy the cafe and so have his own business. In this way he will be able to progress economically and also work on his own, generating more income and giving his family a better quality of life.

Andrés dreams about having a great business and so be able to generate jobs for people like him who don't have many economic opportunities in life.
View original language description ↓
Andres es un joven emprendedor que desde muy temprana edad viene trabajando, pues proviene de una familia con escasos recursos económicos por lo que trabaja desde hace tiempo para contribuir económicamente en su hogar. Hace aproximadamente 2 años trabajó en una taberna en la cual aprendió el oficio del servicio al cliente, posteriormente trabajó en oficios varios durante un tiempo y ahora que quiere progresar económicamente busca comprar una cafetería para así generar los ingresos con los cuales pueda seguir contribuyendo en su hogar para superar las grandes adversidades que se les presentan en la vida. Debido a que una parte del dinero que cuesta la cafetería ya lo tiene ahorrado, Andres busca que un préstamo le brinde la oportunidad de acceder a completar el dinero que le hace falta para comprar la cafetería y así poder tener su propio negocio.
De esta manera podrá progresar económicamente y así también trabajará como independiente, generando mayores ingresos y ofreciendo a su familia una mejor calidad de vida. Andres sueña con tener un gran negocio y en este poder generar empleo para las personas que al igual que el no gozan de muchas oportunidades económicas en la vida.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,768.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Andres Felipe to complete the amount of money he needs to buy the cafe.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014