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Alejandro
Alejandro is a young entrepreneur who is 23 years of age. After working many years for a company that distributes household products, he decided to start his own business with some of his savings. His wholesale business had very few customers at first because he did not have much available capital to supply all of them. Through great effort, he was able to move his business forward and now he has the opportunity to gain more customers. However, he continues to have difficulties obtaining capital.


Alejandro is requesting a loan so that he can buy household goods in bulk so that he can sell them wholesale to his customers. His dream is to become a successful distributor so that he can increase his earnings and provide his parents a better quality of life.

View original language description ↓
Alejandro es un joven emprendedor de 23 años de edad que aprovechando la experiencia que tiene de haber trabajado en una distribuidora de productos de la canasta familiar durante muchos años, decidió montar su propio negocio con unos pequeños ahorros que tenía. En un principio el negocio del comercio mayorista lo hacía con unos pocos clientes que había en su sector, y como no contaba con mucho capital disponible no podía abastecer a todos sus clientes. Con mucho esfuerzo ha venido sacando su negocio adelante y ahora tiene la oportunidad de tener más clientes, pero como sigue teniendo dificultades de capital, Alejandro busca un préstamo para comprar productos de la canasta familiar al por mayor y abastecer las ventas mayoristas con sus clientes.

Su sueño es convertirse en un gran proveedor para aumentar sus ingresos y poder ofrecer a sus padres 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

  • $6,070
    Average annual income
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,797.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Alejandro to buy household goods in bulk.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013