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Pablo Antonio
Pablo is married and has four children who are 9, 15, 16 and 19 years old who he’s always wanted to provide a good quality of life for which is why he works hard in his business to be able to generate income so that they can have access to good economic opportunities at home.

He worked for a firm for 17 years but earned a salary that was insufficient to cover all his household expenses and because of the few opportunities he had at that time to improve this situation he had to continue working hard for others.

Some time ago he left the firm and now works for himself in his business selling ice-cream and soft-drinks, a business that has given his family the opportunity to make economic progress. Because sales increase this season and he does not have sufficient capital, Pablo needs a loan to buy the supplies he needs to prepare his ice-cream and the soft-drinks that he’s run out of.

In this way he will overcome the problem of capital he has and will be able to continue providing good customer service in his business. His greatest wish is to own a house where he can provide his four children and his wife with a good quality of life and economic stability that will allow them to make progress.
View original language description ↓
Pablo se encuentra casado y tiene 4 hijos de 9, 15, 16 y 19 años de edad a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que trabaja fuertemente en su negocio para poder generar ingresos con los cuales en su hogar puedan acceder a unas buenas oportunidades económicas. Durante 17 años trabajó para una empresa donde devengaba un mal salario que no le alcanzaba para poder sostener todos los gastos de su hogar, y por las pocas oportunidades que tenía en el momento para mejorar esta condición debía seguir trabajando fuertemente para otras personas. Desde hace un tiempo dejó la empresa y ahora se dedica a trabajar por su propia cuenta con su negocio de venta de helados y refrescos, negocio con el cual su familia ha tenido la oportunidad de progresar financieramente. Debido a que tiene grandes ventas en esta temporada y no cuenta con suficiente capital, Pablo requiere un préstamo que le permita comprar insumos que requiere para la preparación de los helados y los refrescos y ya se han agotado.

De esta manera superará la dificultad de capital que tiene y podrá seguir teniendo en su negocio una buena atención a los clientes. Su mayor anhelo es tener su casa propia donde pueda brindarle a sus 4 hijos y su esposa una buena calidad de vida y una estabilidad económica que les permita 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

  • $11,100
    Average annual income
  • 556
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $575 helped Pablo Antonio to buy ingredients and supplies.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Covered
Expired:
Aug 8, 2012