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Oscar Iván
Oscar is a young man who is 20 years of age and has no children. For the past five years, he has been making handcrafted horseshoes since he has the basic tools for doing this type of work. He learned this trade from a friend.


Oscar is an energetic and hardworking young man. The lack of resources has not stopped him. He works in an area outside of his house and his finished products are sold to a wholesale vendor. The loan he is requesting from Interactuar will be used to buy materials in bulk (steel sheets, iron, and coal) so that he can obtain the best price. As a result, he will be able to generate more profit from his sales.


His greatest wish is to continue with his trade and grow his business so that he can reach a higher income level and provide new job opportunities.

View original language description ↓
Oscar es un joven de 20 años de edad, es soltero y aún no tiene hijos. Hace 5 años se dedica a la actividad de fabricación de herradura de manera artesanal y cuenta con las herramientas básicas para hacerlo. La actividad la aprendió por medio de un amigo. Es un joven enérgico y trabajador, no se detiene por la falta de recursos, trabaja en la parte de atrás de su casa y, los productos que termina los vende a un mayorista. Con el crédito que solicita con la Corporación desea comprar materiales al por mayor (lámina de acero, hierro, carbón) con el fin de obtener un mejor precio y por ende tener más utilidades generadas por las ventas. Su mayor sueño es continuar con su oficio y hacer crecer su negocio para tener un mayor nivel de ingresos y ofrecer nuevas oportunidades de empleo.

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.

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About Colombia

  • $6,070
    Average annual income
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,923.0
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,575 helped Oscar Iván to buy steel sheets, iron, and coal in bulk.
78% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Covered