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Ferney De Jesús
Ferney, 33, worked for 17 years in vegetable and grain stores and mini-markets. The experience gained allowed him to establish his own business which he opened to the public one year ago. Due to a public safety situation he had to close his store and set up in the city of Medellín, which cost him a considerable monetary loss. But he was sure his family's welfare was worth more than the money, so he decided to emigrate.

For some months now he has been establishing his credit and introducing himself to neighbors. He gets up every morning at 4:00 a.m. to buy vegetables which he starts selling at 7:00 a.m. He closes business at 7:00 p.m.

He is requesting a loan to buy more goods to meet customer demand and establish loyalty. He hopes to improve his economy and give his three minor children a good education.
View original language description ↓
Ferney de 33 años de edad, fue empleado por más de 17 años en legumbre rías, graneros y mini-mercados, experiencia que le permitió recoger los conocimientos que hoy pone en práctica en su propio negocio, el cual abrió al público desde hace un año. Por situación de orden público, se vio en la necesidad de cerrar su legumbrería y radicarse en otra zona de la ciudad de Medellín, situación que le ocasionó cuantiosas pérdidas monetarias. Pero asegura que la vida de su familia y la suya es más valiosa que el dinero, por lo cual accedió a emigrar del lugar en donde se encontraba radicado.
Desde hace algunos meses comenzó nuevamente con la acreditación de su negocio, dándose a conocer entre los vecinos del sector.
Diariamente se levanta a las cuatro de la mañana para comprar la legumbre que comercializará desde las 7 de la mañana a hasta 7 de la noche en su negocio.
Se encuentra solicitando un crédito que invertirá en la compra de mercancía para satisfacer las necesidades de sus clientes y fidelizarlos. Espera mejorar su situación económica y garantizarles a sus tres hijos menores de edad una buena educación.

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
  • 296
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ferney De Jesús to buy vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013