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Jonh James
Fidel, 37 years old, has spent most of his life working in garages and welding shops. He now wants to use this experience to start his own business, in order to start to work independently and to ensure better living conditions for his family.

He is requesting a loan that he will use to invest in a compressor and supplies to start his business. He dreams of growing in the market and having a large warehouse of spare parts.
View original language description ↓
Jonh de 37 años de edad, ha dedicado la mayor parte de su vida a laborar en talleres de mecánica y soldadura, experiencia que hoy desea utilizar en la creación de su propio negocio, con el fin de comenzar a laborar como independiente y garantizarle a su familia mejores condiciones de vida. Se encuentra solicitando un crédito que invertirá en la compra de un compresor e insumos para abrir su negocio. Sueña con crecer dentro del mercado local y tener un gran almacén de repuestos.

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

  • $11,100
    Average annual income
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,897.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Jonh James to buy a compressor and mechanic supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 18, 2013
Jun 10, 2013
Currency Exchange Loss:
May 22, 2014