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Geiner Alexander
Geiner is 37 years old, married, and the father of two children who are minors.

For a while he worked making gravestones, but the business did not turn out to be profitable, and as a result his financial situation deteriorated. This is the reason why he has been motivated to start selling vegetables and eggs from his home, a business he sees as viable because of the shortage of it in the area.

Currently he doesn't have the resources for this investment, so he is applying for a loan to buy vegetables and eggs with the goal of starting up his business project.

He hopes that with the development of the business he will be able to improve his financial situation and offer his family a better quality of life.
View original language description ↓
Geiner de 37 años de edad, se encuentra casado y es padre de dos hijos menores de edad, desde hace algún tiempo se dedicó a la elaboración de lápidas, pero el negocio no resultó rentable, por lo cual su condición económica se vio deteriorada, razón que lo ha impulsado a crear una legumbrería y venta de huevos desde su residencia, negocio al que le ve viabilidad debido a la carencia del mismo en el sector.
En la actualidad no cuenta con los recursos para dicha inversión, por lo cual se encuentra solicitando un crédito para la compra de legumbre y huevos con el fin de dar inicio a su proyecto de negocio.
Espera que con el desarrollo de la actividad pueda mejorar su condición económica y brindarle a su familia una mejor calidad de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young 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

  • $6,070
    Average annual income
  • 261
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,843.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Geiner Alexander to buy vegetables and eggs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014