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Edwin Albeiro
Edwin has always been known as a hardworking individual, a quality that has helped him overcome the difficulties he has faced in life. About eight years ago, he began working at different metal shops. At one point, he decided that he wanted to work independently so that he could improve his financial situation at home where he lives with his wife and three children. Using some of his savings, Edwin opened a metal shop and gradually made progress. Thanks to his efforts, he now has a steady level of business. Edwin is requesting a loan so that he can buy a supply of metals that he needs to complete a large order for one of his customers.


His dream is to have a successful metal shop that is recognized so that he can improve his quality of life at home. In addition, he plans to create jobs for some his relatives who are dealing with great financial difficulties.

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Edwin siempre se ha caracterizado por ser una persona muy trabajadora y esto le ha permitido salir adelante superando las dificultades que se le han presentado en la vida. Desde hace unos 8 años comenzó a trabajar en diferentes talleres de metales, y ya hace un tiempo decidió buscar la manera de trabajar de manera independiente para poder mejorar las condiciones económicas que tiene en su hogar donde convive con su esposa y sus 3 hijos. Con unos pequeños ahorros montó su taller de metales y así poco a poco ha venido progresando, y gracias a que ahora tiene un buen pedido, Edwin busca un préstamo para comprar surtido de metales que requiere para la elaboración de un gran pedido por parte de un cliente.

Su sueño es poder tener un gran taller de metales que sea reconocido y con el cual pueda mejorar la calidad de vida en su hogar. Además, aspira a poder generar empleo para unos familiares suyos que se encuentran con grandes dificultades económicas.

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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,192,425
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Edwin Albeiro to buy metals so that he can complete a large order.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013