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Edinson was previously selling food on a tricycle of his own, but now, seeing that this business was not generating enough income to support himself, he has decided to start selling fruits and vegetables. The economic difficulties at his home are getting worse every time and his wife and his four children are already suffering big consequences because of this.

This is why now, looking to improve this condition, Edinson seeks a loan to buy an assortment of vegetables and fruits and start with the business of selling these products.

His dream is to be able to improve his economic condition through this business, which generates better income, and in the future work in his own establishment.
View original language description ↓
Edinson anteriormente se estaba dedicando a la venta de alimentos en un triciclo de su propiedad, pero ahora al ver que este negocio no le estaba generando los ingresos necesarios para su sostenimiento, ha decidido comenzar con la venta de frutas y verduras. Las dificultades económicas en su hogar están empeorando cada vez más y su esposa y sus 4 hijos ya están sufriendo grandes consecuencias de esto. Es por esto que ahora buscando mejorar esta condición, Edinson busca un préstamo para comprar surtido de verduras y frutas y comenzar con el negocio de venta de estos productos.

Su sueño es poder mejorar su condición económica a través de este negocio que genera mejores ingresos y en un futuro ubicarse en un local propio.

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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,629,950
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD
A loan of $850 helped Edinson to buy an assortment of vegetables and fruits and start with the business of selling these products.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Oct 6, 2012
Currency Exchange Loss:
Nov 5, 2012