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Gustavo Alberto
Gustavo worked in construction for more than 30 years. This work generated the income he needed to meet his household expenses. Due to health problems, he decided to stop this work and found an opportunity to sell sugarcane juice. He started this work a year and a half ago, and although he does not have much money to get ahead, he has always made an effort to improve. Now, he has good sales and hopes that they will continue growing.

In order to have better working conditions, Gustavo is asking for a loan to purchase a larger umbrella to protect himself from the sun, and a plastic cooler to keep ice in. In this way, he hopes to have better working conditions and improve his quality of life considerably. He will be able to offer better products to his customers and increase his sales.
View original language description ↓
Gustavo se dedicó por más de 30 años a la actividad de la construcción y con esta generaba los ingresos que requería en su hogar para el sostenimiento de los gastos que allí se generaban, pero debido a problemas de salud se vio en la obligación de dejar esta actividad de lado y fue así como encontró la oportunidad de vender jugos de caña. Ya hace año y medio que inició con esta actividad y a pesar de no contar con un gran capital para sacarlo adelante, siempre se ha esforzado para poder salir adelante, por esto ahora tiene buenas ventas y espera seguir creciendo. Para tener mejores condiciones de trabajo, Gustavo busca un préstamo para comprar un parasol más grande y protegerse del sol y una nevera plástica para almacenar el hielo.

De esta manera espera poder tener mejores condiciones de trabajo y su calidad de vida mejore considerablemente, además de que podrá ofrecer cada vez mejores productos a sus clientes y así aumentar sus ventas.

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
  • 372
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,805.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gustavo Alberto to purchase a larger umbrella to protect him from the sun and a plastic cooler for ice.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Sep 16, 2012
Currency Exchange Loss:
Dec 19, 2013