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Manuel Ramón
Manuel is a 56-year-old musician. He says he learned music as a child from his father, who was also devoted to this profession.

Manuel says that music is more than a way of earning income; it is part of his life. He loves his work with the same intensity that he loves his family. At the moment, he has had to suspend his business because his accordion wore out with use. For this reason, he is requesting a loan so that he can buy a new one. He will be able to restart his business with his four other band mates who make up his group.

Manuel dreams of becoming recognized on a national level and promoting his music in all corners of the world.

View original language description ↓
Manuel, de 56 años de edad, es músico. Cuenta que desde su infancia aprendió al lado de su padre quien también se dedicó a este oficio.
Asegura que la música más que una actividad generadora de ingresos, es una parte importante de su vida, ama su trabajo con la misma intensidad que ama a su familia. En la actualidad, debió suspender su negocio debido a que el acordeón con el que contaba se deterioró por uso, razón por la cual se encuentra solicitando un crédito para comprar uno nuevo, reactivar su trabajo y el de los cuatro compañeros que conforman el conjunto.
Sueña con ser reconocido a nivel nacional y dar a conocer su música en todos los rincones el mundo.

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
  • 350
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,837.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Manuel Ramón to buy an accordion.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 11, 2013
Apr 23, 2013
Currency Exchange Loss:
Jun 17, 2014