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Update on Jesus

Jesús, 59, set up his own business selling staple products to generate income to support and educate his two children. With more than 20 years of experience in the field, Jesús is well known in his neighborhood as a friendly and charitable man who has managed to get ahead with discipline and effort. Thanks to his business he has been able to give his two children access to an education and a favorable quality of life.

Today he has a dream--to expand is business so he can earn a better income, which will lead to his family's well-being. This is why he's requesting a loan to buy merchandise.
View original language description ↓
Jesús de 59 años de edad, montó su propio negocio dedicado a la venta de productos de la canasta familiar con el fin de generar los recursos para el sostenimiento y educación de sus dos hijos. Con más de 20 años de experiencia en el sector, Jesús es conocido en su barrio como un hombre amable y caritativo que ha logrado salir adelante con disciplina y esfuerzo. Gracias a su negocio ha podido brindarles a sus dos hijos acceso a la educación y a una condición de vida favorable. Hoy tiene un sueño; ampliar su negocio con el fin de obtener mejores ingresos, lo que se verá reflejado en el bienestar de su familia. Razón por la cual, se encuentra solicitando un crédito para la compra de surtido.

Previous Loan Details

Jesus is married with two children; they are his motivation to work every day. Jesus used to sell fruits and vegetables with a trolley which he would steer through the streets of his municipality. However, he and his wife decided to open a general store two years ago. There, they sell all sorts o... More from Jesus's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Colombia

  • $11,100
    Average annual income
  • 366
    View loans »
    Colombia Loans Fundraising
  • $15,629,950
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Jesus to buy staple products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 16, 2013
Currency Exchange Loss:
Jun 17, 2014