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Jose Abad
José has been working for 12 years selling personal use items in the street ever since he stopped working in agriculture for reasons beyond his control. Because his parents worked in agriculture he learned it from a very young age and for a time was the activity he carried out to earn household income but due to the outbreaks of violence he was forced to leave the land he lived on and look for new economic opportunities in the city. This is how he started the business he’s now had for 12 years and thanks to which his family can have the income needed to subsist. Thanks to increasing sales, José is looking for a loan to buy personal use items his customers are looking for in order to increase his income.

In this way he’ll gradually overcome the great difficulties he has with capital and also adversities like rain, vehicular traffic and other adversities that keep him from selling more in his business. His dream is to set up inside a locale where he can generate income for his nephews who are very poor and don’t have money to pay for their schooling.
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Jose trabaja en la calle vendiendo productos de uso personal desde hace 12 años, cuando decidió dejar la actividad de la agricultura por motivos ajenos a su voluntad. Debido a que sus padres se dedicaban a la actividad de la agricultura, Jose aprendió desde muy temprano esta actividad y durante un tiempo la desarrolló para generar los ingresos para su hogar, pero por enfrentamientos de violencia se vio en la obligación de dejar las tierras donde vivía y buscar en la ciudad nuevas oportunidades económicas. Fue así como comenzó con el negocio con el cual lleva 12 años y gracias al cual su familia puede gozar de unos ingresos para subsistir. Gracias a que sus ventas vienen aumentando, Jose busca un préstamo para comprar productos de uso personal y ofrecer a sus clientes lo que buscan para aumentar así sus ingresos.

De esta manera irá poco a poco superando las grandes dificultades de capital que tiene y también las adversidades como la lluvia, el tráfico de carros y otras adversidades que evitan vender más en su negocio. Su sueño es ubicarse dentro de un local donde pueda generar empleo para sus sobrinos que son muy pobres y no tienen dinero para poder estudiar.

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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,800.0
    Colombia Pesos (COP) = $1 USD
A loan of $950 helped Jose Abad to buy stock merchandise to sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 17, 2012
Oct 1, 2012
Currency Exchange Loss:
Oct 31, 2012