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Carlos Alberto
Carlos Alberto, 49, is a father of two children who are his main reason to come out ahead. He says that his only asset is made up of a public taxi service, which was his only source of income to support his family. A neighbour who was a shop owner suggested to him that he change businesses to which he agreed. Today he feels highly satisfied because he believes the profits are better.

Because his business is growing, Carlos is asking for a loan which he will invest in the purchase of household goods and vegetables with the purpose of improving his product portfolio.

He hopes that with this investment he can guarantee his children quality education and an improvement in their lives.
View original language description ↓
Carlos Alberto de 49 años de edad, es padre de dos hijos los cuales son su principal motivo para salir adelante. Cuenta que su único activo lo constituía un taxi de servicio público, el cual era su única fuente de ingresos para el sostenimiento de su familia. Un vecino quien era propietario de una tienda le ofreció que cambiaran de negocios a lo cual el accedió y hoy se siente altamente satisfecho porque considera que las utilidades son mejores. Debido a que su negocio se encuentra en vía de crecimiento, Carlos se encuentra solicitando un crédito que invertirá en la compra de productos de la canasta familiar y legumbres con el fin de mejorar su portafolio de productos. Espera que con esta inversión pueda garantizarles a sus hijos educación de calidad y mejorar sus condiciones de vida.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Carlos Alberto to purchase household goods and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014