Check out some available loans that are similar to this one!
Nelson De Jesús
Nelson is 49 years old, married, and has five children. For the last 30 years he has earned his living making and repairing shoes. With the income from this job he supports his family. He learned the trade on the job and then perfected his work through practice. He sells his high-quality products to family, friends, neighbours as well as to businesses located in his home town and more distant towns.

Nelson is dedicated to his work. He is enterprising and loves his family wholeheartedly. It is for them that he works hard every day. He is now seeking his sixth loan; the previous ones were a big help to him and his business. The loan money will be used to buy supplies (shoelaces, fabric, rubber, glue) at wholesale prices, and to repair a broken piece of equipment which is vital to his work. He will be able to use it to improve production. Nelson will be able to finish developing a line of runners which he had to stop because of a lack of supplies. The machine will help him streamline the process and improve the quality of the finished products. In turn this will lead to increased sales and income.

Nelson's dream is to be able to generate sufficient income to provide financial stability so he can pay for an excellent university education for his children and give his family a better standard of living.
View original language description ↓
Nelson tiene 49 años de edad, es casado y padre de 5 hijos. Desde hace 30 años se dedica a fabricar y reparar calzado, actividad que se ha convertido en su fuente de ingresos para el sostenimiento de su hogar. Aprendió de manera empírica y con la práctica fue perfeccionando su labor y mejorando la calidad de sus productos, los cuales vende a familiares, amigos, vecinos y algunos locales comerciales ubicados en el pueblo donde reside y en pueblos aledaños. El cliente es un hombre comprometido con su labor, emprendedor y dedicado a su familia, quien es el motor de su vida y le da fuerzas para seguir luchando. Actualmente solicita el sexto ciclo de crédito, pues en ellos ha encontrado un apoyo muy grande para sacar adelante su negocio. Este será invertido en la compra de insumos al por mayor (cordones, tela, caucho, pegante) y comprar un repuesto para una máquina que está descompuesta, esto le permitirá continuar con su actividad, reparar la máquina que es el elemento principal para su labor, con la que podrá mejorar su producción, además podrá sacar una línea de tenis que tiene pendiente por falta de insumos. Esto le ayudará a agilizar su proceso productivo, mejorando además la calidad de los productos terminados y aumentará sus ingresos por ventas.
Nelson sueña con poder generar ingresos suficientes para tener una estabilidad económica favorable, que le permita brindar una excelente educación universitaria a sus hijos y además desea disfrutar de una mejor calidad de vida al lado de su familia.

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.

About Colombia

  • $11,100
    Average annual income
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,911.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Nelson De Jesús buy supplies (shoelaces, fabric, rubber, glue) and to repair a broken piece of equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014