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Fabián De Jesús
Fabián de Jesús, 60 years old, says that his work is a blessing and that even though his earnings do not permit luxuries, his happiness is complete because he has a large family permanently united by love.

He worked as a farm laborer much of his life, and through circumstances beyond his control he saw the need to become established in the city where he worked in construction. As jobs diminished in this area, Fabián decided to work on his own, so he began selling ice cream and popsicles as a street vendor, in order to earn the necessary income to provide for his wife and three minor children.

His big dream is to be able to have his own facility, because due to a public ordinance that affects the city, sometimes he is not permitted to go to many of the sectors where he sells his products.

Currently he is requesting a loan to invest in the purchase of a freezer to store his merchandise, because the refrigerator that he has does not have the required storage capacity.

He hopes that through this investment that his financial situation will improve and he can offer his children access to higher education.
View original language description ↓
Fabián de Jesús a sus 60 años de edad, asegura que su trabajo es una bendición y que a pesar de que sus ganancias no le permitan lujos, su felicidad es completa porque tiene una gran familia que permanece unida por el amor.
Gran parte de su vida laboró en el campo, Por circunstancias ajenas a su voluntad, se vio en la obligación de radicarse en la ciudad en donde trabajó en construcción. Al disminuir las ofertas de trabajo en este sector, Fabián decidió laborar como independiente, por lo cual comenzó a vender helados y paletas de manera ambulante, con el fin de generar los ingresos necesarios para el sostenimiento de su esposa y sus tres hijos menores de edad.
Su gran sueño es poder colocar su negocio en un local, debido que el orden público que afecta la ciudad, en ocasiones no le permite visitar muchos de los sectores en donde comercializa sus productos.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de un congelador para almacenar la mercancía, debido a que la nevera que posee, no cuenta con la capacidad de almacenamiento necesaria.
Espera que con esta inversión su situación económica mejore y pueda ofrecerles a sus hijos el acceso a la educación superior.

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
  • 485
    View loans »
    Colombia Loans Fundraising
  • $14,963,250
    Funds lent in using Kiva
  • 1,813.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Fabián De Jesús to buy a freezer in order to store his merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015