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Rigoberto De Jesus
Rigoberto trained as an industrial mechanic and for the last 8 years has been working in this field. He started out working for a firm that went bankrupt and had to close dismissing all its employees so Rigoberto was left unemployed and without a source of income to support his home. However, like the hardworking, enterprising person he’s always been, he availed himself of savings he had and bought a machine that was being sold at a very low price because of his firm’s liquidation and thus started his own machine shop.

Since he set up his shop about two years have gone by and thanks to the effort he puts into his work daily he’s managed to position it and to win over a larger number of customers every time. Given that a customer has placed an order for some meat tenderizing machines, Rigoberto is looking for a loan to buy supplies and raw materials he needs to manufacture the meat tenderizing machines his customers has ordered.

In this way he hopes to continue meeting customer needs and continue growing in his shop so that each time he can attain better living conditions. His dream is to be able to offer his wife and children a better quality of life with better economic opportunities that will allow them to make progress.
View original language description ↓
Rigoberto se formó como mecánico industrial y desde hace aproximadamente 8 años viene ejerciendo esta actividad. Empezó trabajando en una empresa la cual quebró y se vio en la obligación cerrar y despedir a todos sus empleados, por lo que Rigoberto quedó sin empleo y sin la fuente de ingresos para el sostenimiento de los gastos de su hogar. Sin embargo, como toda una persona trabajadora y emprendedora que se ha caracterizado, aprovechó los ahorros que tenía y compró la maquinaria que estaban vendiendo a muy bajos costos por la razón de la liquidación de la empresa, y así comenzó con su propio taller de máquinas. Desde que montó su taller ya han pasado aproximadamente 2 años, y gracias al esfuerzo que le pone diariamente a su trabajo ha logrado posicionarlo y captar cada vez un número mayor de clientes. Dado que un cliente le ha hecho el pedido de unas máquinas ablandadoras de carnes, Rigoberto busca que un préstamo le permita comprar los insumos y la materia prima que requiere para la fabricación de las máquinas ablandadoras de carne que le ha pedido un cliente suyo.
De esta manera espera seguir satisfaciendo las necesidades de sus clientes y seguir creciendo en su taller para que cada vez pueda tener unas mejores condiciones de vida. Su sueño es poder brindarles a su esposa y sus hijos una mejor calidad de vida mayores oportunidades económicas que le permitan progresar.

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

  • $6,070
    Average annual income
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Rigoberto De Jesus to buy raw materials and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013