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Edwin Jhoany
Edwin is a young entrepreneur who established six months ago his business of selling phone accessories. This enables him to generate his own income so that he can assist his parents financially. Since starting his business, his venture has grown tremendously. Edwin is able to overcome constant difficulties with obtaining capital. The results he has achieved have been attributed to his drive to succeed and the strength for which he has always been known. He is seeking to improve his business sales and respond to the demand from his customers, so Edwin is requesting a loan so that he can purchase more mobile phone accessories.

His dream is to have increased sales and improve his earnings so that he can provide his parents a better quality of life at home and better financial opportunities. In addition, he aspires to acquire his own storefront where he can relocate his business.

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Edwin es un joven muy trabajador que desde hace 6 años montó su negocio de venta de accesorios para teléfonos con el cual ha podido generar sus propios ingresos y contribuir económicamente a sus padres. Desde que montó el negocio ha venido creciendo mucho, y superando las dificultades de capital que se le presentan constantemente; para esto han sido fundamentales sus ganas de salir adelante y su fortaleza que siempre lo ha caracterizado. Buscando mejorar las ventas de su negocio y responder a la demanda de los clientes, Edwin busca un préstamo que le permita comprar surtido de accesorios para celulares.

Su sueño es poder tener unas ventas más grandes y así mejorar los ingresos para ofrecerles a sus padres una mejor calidad de vida en el hogar y mejores oportunidades económicas. Además, aspira a conseguir su propio local para montar el negocio.

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
  • 373
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,675 helped Edwin Jhoany to buy mobile phone accessories.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Oct 12, 2012
Currency Exchange Loss:
Nov 11, 2012