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Robinson Edigio
Robinson worked for many years at a company that produces lithographs. However, he wanted to improve his income in order to provide a better quality of life for his family, so he decided to hit the streets in search of better financial opportunities that would help him get ahead. At that point, he decided to begin selling fruits and vegetables as a street vendor. He has been in this line of work now for five years and it has enabled him to generate more income so that his wife and son can have a better quality of life.


The winter season always presents greater difficulty because the presence of rain reduces his sales considerably. For this reason, Robinson seeks to improve the situation by requesting a loan so that he can buy fruits and vegetables to restock his business. This will enable him to recover from lost sales during the difficult winter season.


His dream is to move his business forward. In the future, he hopes to establish a supermarket where he can provide jobs and generate more income for his family.

View original language description ↓
Robinson trabajó durante muchos años en una litografía, pero buscando mejorar sus ingresos para ofrecer a su familia una mejor calidad de vida, decidió salir a la calle en busca de mayores oportunidades económicas para salir adelante. Fue así como comenzó a vender frutas y verduras de manera ambulante, y ya hace 5 años que se dedica a esta actividad con la cual ha podido generar más ingresos y así su esposa y su hijo pueden tener una mejor calidad de vida. El invierno siempre ha sido su mayor dificultad, pues cuando llueve sus ventas se reducen considerablemente; es por esto que buscando mejorar esta situación Robinson acude a un préstamo para comprar frutas y verduras y así surtir su negocio para recuperar las ventas perdidas por las dificultades del invierno.

Su sueño es sacar adelante este negocio y en un futuro llegar a montar un supermercado donde pueda generar empleo y donde pueda tener mejores ingresos para su familia.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,675 helped Robinson Edigio to buy fruits and vegetables.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 30, 2012