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Jorge Enrique
Jorge Enrique is 52 years old. He is an icon in his municipality. Thanks to his good work and charisma, he has earned the respect and acknowledgement of his community. He lives in San Carlos, Colombia. He opened a workshop to repair appliances, guitars, and footwear. He learned about this trade thanks to his experience working in various businesses.

He works every day from 8 in the morning until 7 in the evening. His greatest motivation is his four children, who have become a great support for him and who are the pillar of his existence.

He dreams of being able to offer his family better living conditions and guaranteeing his children enrollment in higher education.

He is applying for this loan to buy a drill, a compressor, and raw materials in order to improve the quality of his service and to increase his income.
View original language description ↓
Jorge Enrique de 52 años de edad, es un icono es su municipio. Por su buen trabajo y carisma se ha ganado el respeto y el reconocimiento de su comunidad. Radicado en San Carlos, Colombia, montó un taller de reparaciones de electrodomésticos, guitarras y calzado. Actividad que aprendió gracias a la experiencia que obtuvo laborando en diferentes negocios.
Labora diariamente de 8 de la mañana a 7 de la noche. Su mayor motivación son sus cuatro hijos, que se han convertido en su gran apoyo y el pilar de su existencia.
Sueña con poder ofrecerle a su familia mejores condiciones de vida, y garantizarles a sus hijos el ingreso a la educación superior.
En la actualidad se encuentra solicitando un crédito para la compra de un taladro, compresor y materias primas para mejorar la calidad en el servicio y aumentar sus ingresos.

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
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Jorge Enrique to buy a drill, a compressor and raw materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014