Check out some available loans that are similar to this one!
Mario Alberto
At 43 years of age, Mario is single and doesn't have any children. He was a victim of displacement from the violence in his native town and arrived to the city in 1992, looking for new opportunities to get ahead. He started as an itinerant vendor selling clothing, thanks to the support and advice of some people he knew. He was able to save money and set up a business in a small stand located in the center of the city in which he lives. He currently offers all kinds of shoes and clothing for men and women. By taking advantage of the benefits of managing his own time and being located in a well-transited area, he's achieved the ability to make a living. Mario is a vigorous, active, enterprising man who has fought tirelessly to achieve his dream of having his own business, well-stocked with a variety of inventory, in a well-known, accredited, commercial location. This is what motivated him to request a loan, which he will invest in wholesale merchandise (shoes, jeans, blouses and women's sweatshirts), with the objective of continuing his business and offering a variety of articles to satisfy the needs and tastes of his clientele, of which will be seen reflected in the increase in sales, and thus, his income. He is motivated to keep fighting, improve his quality of life and achieve his goals.
View original language description ↓
Mario es un hombre, que a sus 43 años de edad, es soltero y aún no tiene hijos. Víctima del desplazamiento por la violencia que se presentó en su pueblo natal, llegó a la ciudad en 1992, en busca de nuevas oportunidades para salir adelante. Inició con la venta de ropa, de forma ambulante, gracias al apoyo y asesoría de algunas personas conocidas, de esta forma pudo ahorrar y montó su negocio en un pequeño puesto, ubicado en el centro de la ciudad donde vive; actualmente ofrece todo tipo de calzado y ropa masculina y femenina, aprovechando las ventajas de manejar su propio tiempo y estar ubicado en una zona bastante transitada, de esta forma ha logrado adquirir ingresos para el sustento diario. Mario es un señor pujante, activo, emprendedor, lucha incansablemente para cumplir el sueño de tener su negocio en un local comercial bien reconocido y acreditado, con gran variedad de inventario disponible. Esto lo motiva para solicitar el apoyo del crédito, que será invertido en la compra de mercancía al por mayor (calzado, jeans, blusas, busos para dama, etc) con el fin de darle continuidad a su negocio y poder ofrecer variedad de artículos para satisfacer las necesidades y gustos de su clientela, lo que se verá reflejado en el incremento de sus ventas y por ende sus ingresos; para seguir luchando, tener mejor calidad de vida y cumplir sus metas.

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

  • $6,070
    Average annual income
  • 239
    View loans »
    Colombia Loans Fundraising
  • $12,896,025
    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 Mario Alberto buy wholesale merchandise (shoes, jeans, blouses and women's sweatshirts).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 22, 2014