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Matias Antonio
For approximately 27 years, Matias has been making horseshoes. He learned this skill from his father who taught him at a very early age. Now he has a lot of experience that allows him to differentiate himself from others for his customers. This allows him improve his business. With the business, he makes the income needed for the household expenses where he lives with his wife and son. The income lets him have a good quality of life at home. Thanks to the good quality of his products, Matias gets very good orders from his customers. He is now requesting a loan in order to obtain raw materials like sheeting, iron and coal for making the horseshoes and responding to his customers’ large orders.
With this help, his business will continue to offer good service to customers. And then, he will continue to generate the income needed for his home. In addition, Matias dreams about expanding her business and creating jobs for people in need. He dreams about continue to make progress with his family.
View original language description ↓
Matias desde hace 27 años aproximadamente trabaja en la fabricación de herraduras, actividad que aprendió de su padre y que se la enseñó desde muy temprana edad, por lo que ahora cuenta con una gran experiencia que le permite diferenciarse ante sus clientes y esto le ha permitido cada vez mejorar en su negocio. Con esta actividad, genera los ingresos que requiere para el sostenimiento de los gastos de su hogar donde convive con su esposa y su hijo, de modo que les puede brindar una buena calidad de vida en su hogar. Gracias a la buena calidad de sus productos, Matias tiene muy buenos pedidos de sus clientes, es por esto que ahora busca que un préstamo le brinde la oportunidad de acceder a la compra de materias primas como lámina, hierro y carbón para fabricar las herraduras y responder a los grandes pedidos que le hacen sus clientes.
De esta manera su negocio seguirá ofreciendo un buen servicio a sus clientes y así seguirá generando los ingresos necesarios para su hogar. Además, Matias sueña con ampliar su negocio generando empleo para las personas más necesitadas y también seguir progresando junto a su familia.

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
  • 386
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    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 Matias Antonio purchase raw materials like sheeting, iron and coal for making the horseshoes and responding to his customers’ large orders.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 24, 2012
Jun 1, 2012
Currency Exchange Loss:
Dec 19, 2013