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Deimer Alejandro
Deimer learned to cut hair when he was still very young and with help from a cousin got work. Thanks to his effort he was able to save up and with borrowed money he asked for was able to start his own barber shop which is now his source of income to support his home where he lives with his wife and two-year-old daughter. Because of the little capital he disposes of, Deimer is looking for financing to do some physical improvements to his shop in order to offer better customer service.

His greatest dream is to move his own business ahead and with income generated by it make it grow and be able to have a home with better quality of life so that his family can progress.
View original language description ↓
Deimer desde muy joven aprendió la actividad del corte de cabello y con la ayudad de un primo consiguió trabajo. Gracias a su esfuerzo logró reunir unos ahorros y pidiendo un poco de dinero prestado montó su propia barbería y ahora esta es su fuente de ingresos con la que sostiene los gastos de su hogar donde convive con su esposa y su hija de 2 años de edad. Debido al poco capital con el que cuenta en su negocio, Deimer busca un préstamo para realizar adecuaciones locativas en el local y poder así ofrecer un mejor servicio a sus clientes.

Su mayor sueño es sacar su propio negocio adelante haciéndolo crecer y pudiendo generar empleo. Además, poder tener en su hogar una mejor calidad de vida con los ingresos que este le genere y así su familia pueda 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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,830.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $825 helped Deimer Alejandro to do some physical improvements to his salon.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Covered
Expired:
Oct 10, 2012