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Antonio Salomon
Antonio started his general store some 10 years ago with severance pay received when he left a company that he worked for 15 years. Since he needed to have more money to care for his home, where he lives with his wife and child, Antonio started to look for sources of income and decided to set up a general store. Thanks to this business he has been able to keep offering his family a good quality of life and hopes to improve and overcome his financial difficulties. Antonio needs a loan to buy basic household goods and to increase the variety of products that he offers his customers to increase sales.

Antonio’s dream is to have a bigger business where he can have more earnings and the opportunity to give his family a better quality of life.

View original language description ↓
Antonio inició hace unos 10 años su tienda general la cual montó con el dinero de la liquidación que le dieron al salir de una empresa donde trabajó durante 15 años. Como necesitaba generar los ingresos para el hogar donde convive con su esposa y su hijo, Antonio comenzó a buscar fuentes de ingresos y fue así como resultó montando una tienda general. Gracias a este negocio ha podido continuar ofreciéndole una buena calidad de vida a su familia y aspira a poder mejorar sus dificultades económicas; es por esto que Antonio busca un préstamo para comprar productos de la canasta familiar y aumentar la variedad de productos que ofrece a sus clientes para aumentar sus ventas.

Su sueño es poder tener un negocio más grande donde pueda generar más ingresos y con el cual tenga la oportunidad de brindarle a su familia una mejor calidad de vida.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Antonio Salomon buy basic household goods and to increase the variety of products that he offers his customers to increase his sales.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 14, 2012
Oct 1, 2012
Currency Exchange Loss:
Jan 15, 2013