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Dany Alexander
Alexander, 21, works as an agricultural laborer on a flower farm but in order to earn extra income he wants to start his own business and take advantage of an opportunity of buying a grocery and vegetable store being sold by one of his neighbors that’s presented itself to him. With this he will be able to increase his income level to contribute to the support of his parents’ home.

Alexander is an energetic, active, driven young man who very much wants to make progress. Because of this, he’s motivated to request the loan that will be used to buy the business to start working in his free time. He will also hire a family member to help him out the rest of the time because in the near future he’d like to leave his current job because he says the work days are very demanding and the salary isn’t commensurate with all the effort he puts into it.

Alexander dreams with seeing his business grow becoming very well-known in the sector that will make it possible for him to earn good income to get ahead and to improve his family’s quality of life.
View original language description ↓
Alexander, con 21 años de edad se dedica a trabajar como operario agrícola en un cultivo de flores pero, de manera alterna y para generar ingresos extra, desea iniciar con su propio negocio y aprovechar la oportunidad que se le presentó de comprar una tienda de abarrotes y legumbres que está vendiendo un vecino del sector donde reside, con esto podrá aumentar su nivel de ingresos para aportar al sostenimiento del hogar de sus padres. Alexander es un joven enérgico, activo, pujante y tiene muchas ganas de prosperar, por esta razón se motiva a solicitar el crédito, que será invertido en la compra del negocio para iniciar a laborar en los tiempos libres y además contratará a un familiar para que lo apoye el resto del tiempo, pues espera en un futuro cercano, poder retirarse de su actual empleo, pues manifiesta que las jornadas laborales son muy arduas y el salario no justifica todo el esfuerzo que realiza. Alexander sueña con ver crecer su negocio, lograr que tenga un reconocimiento en todo el sector y que le permita obtener buenos ingresos para salir adelante y mejorar la calidad de vida de su familia.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 235
    View loans »
    Colombia Loans Fundraising
  • $13,363,950
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $2,125 helped Dany Alexander to buy an already existing store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Expired:
Aug 29, 2013