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Guillermo Alexis
Guillermo is 27 years old. He is an enterprising young man who is looking to earn a living and offer his eleven year old daughter a quality education. Now he dedicates himself to repairing blenders and other machines, a work which is not constant, and in general his economic condition has not improved.

With the goal of making his own business, he is asking for a loan to learn about the creation of cheeses and sweet plantains to be able to begin his first business project.

His biggest dream is to establish his business and become one of the best in his area.
View original language description ↓
Guillermo de 27 años de edad, es un joven emprendedor que busca como ganarse la vida y ofrecerle a su hija de 11 años una educación de calidad.
En la actualidad se dedica a la reparación de licuadoras, batidoras entre otros, labor que no es constante por lo cual su condición económica no ha sido la mejor.
Con el fin de montar su propia empresa se encuentra solicitando un crédito para capacitarse en la elaboración de quesos y calados, y poder comenzar con su proyecto de negocio.
Su mayor sueño es establecer su negocio y posicionarlo como uno de los mejores en su localidad.

Additional Information

More information about this loan

This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.

In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their businesses.

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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Guillermo Alexis to learn how to make cheeses and sweet plantains.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014