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Robinson Arley
Robinsón, age 27, is a young man who loves his family and his work. He learned how to be a barber from his friends who taught him this trade. Robinsón is passionate about his work and needs to start generating income so that he can help his family with the household expenses. He decided to open a barber shop in a location that was obtained by his mother. Robinsón has been a barber for five years and is satisfied with what he has achieved.


He is requesting a loan so that he can invest in the purchase of supplies such as gloves, combs, and clippers, as well as make structural improvements to his shop, which will attract new clients and improve the quality of his service. Robinsón hopes to keep growing and turn his business into the most recognized establishment in the area.

View original language description ↓
Robinsón de 27 años de edad, es un joven amante a su familia y a su trabajo, aprendió el oficio de barbería gracias a sus amigos que le enseñaron, Apasionado por la actividad y con la necesidad de comenzar a generar ingresos para colaborarle a su familia con los gastos del hogar, decidió abrir una barbería en un local que le facilitó su madre. Hoy lleva cinco años desarrollando la actividad y se siente satisfecho por los logros alcanzados.
Se encuentra solicitando un crédito que invertirá en la compra de insumos (guantes, peines, máquina de afeitar) y adecuaciones locativas, con el fin de atraer nueva clientela y mejorar la calidad en el servicio. Espera seguir creciendo y convertir su negocio en el más reconocido del sector.

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
  • 446
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Robinson Arley to buy gloves, combs, clippers, and to pay for structural improvements to his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013