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Alberto Teodoro
Alberto, 69, is married and the father of two children.

For five years he has worked in the fishery business his family started. He does business in his house where he raises and sells cachama and bocachico fish in his two tanks. Alberto works every day of the week and is the only employee of his business. He learned what he knows on the job.

He's requesting the loan to buy feed for the cachama and bocachico fish.

His dreams are to build various tanks and to strengthen his business selling fish.
View original language description ↓
El señor Alberto tiene 69 años, es casado y padre de dos hijos. Se encuentra hace 5 años dedicado al negocio que empezó su familia dedicado a la piscicultura. El negocio lo desarrolla en su casa donde se dedica a la cría y comercialización de Cachama y Bocachico en los dos pozos que tiene. El señor Alberto trabaja todos los días de la semana y es el único empleado de su negocio, además los conocimientos que aplica a éste, los ha adquirido empíricamente. Solicita el crédito para la compra de concentrado para alimentar las Cachamas y Bocachicos de los dos pozos. además sus sueños son la construcción de varios pozos y el fortalecimiento del negocio de comercialización de los peces.

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 396
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,885.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Alberto Teodoro to buy fish feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 23, 2013
Currency Exchange Loss:
Dec 19, 2013