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Rubiel Ángel
Rubiel is 53 and lives with his wife and two children. He has for 15 years run his a store that provides the income to support his family. Rubiel began with a small grocery store that has grown and attracted more customers, becoming a well-known minimarket in the area.

Rubiel has three employees and works from 6:30 a.m. to 7:00 p.m., taking full advantage of the lack of serious competition in the area near his store. Rubiel is active, dynamic, and trustworthy; he is striving to realize his ambitions, especially to grow his business, turn it into a supermarket with greater inventory and more customers.

Rubiel realizes, however, that in order to achieve these goals he needs to keep working conscientiously and with dedication. This is why he's applied for a loan. Rubiel will use the loan funds to purchase a delivery van and inventory (dairy products, meat, grains, cleaning supplies, and other basic goods). The store will then have a greater variety of products to sell and the van will allow easier transport of goods. Rubiel can then launch a home delivery service, boosting the store's customer base as well as sales and income. He can also put the van to use transporting goods when business at the store is slow, generating additional income. All of these improvements will represent progress, stabilizing Rubiel's finances, and improving his family's welfare and quality of life.
View original language description ↓
Rubiel tiene 53 años, vive con su esposa y sus dos hijos. Desde hace 15 años tiene su propio negocio, con el que genera ingresos para el sostenimiento de su familia. Inició con una pequeña tienda de abarrotes, que poco a poco se fue acreditando y creciendo hasta convertirse en el minimercado que hoy es, ya reconocido en el sector. El cliente cuenta con el apoyo de 3 empleados directos y trabaja desde las 6:30 am hasta las 7:00 pm, para aprovechar la ventaja de no contar con una competencia fuerte en el sector donde se encuentra ubicado. Rubiel es un señor activo, dinámico y responsable, además se proyecta hacia el cumplimiento de sus sueños, especialmente, hacer crecer su negocio y convertirlo en un supermercado, con más surtido y mejor acreditado. Pero para llegar a ello es consciente que debe seguir trabajando con esmero y dedicación. Esto lo motiva a solicitar el crédito, con el fin de invertirlo en la compra de un moto carro y surtido (productos lácteos, cárnicos, granos, productos de aseo y demás productos de la canasta familiar), con esto podrá tener más variedad de productos disponibles para la venta y además facilitará el transporte de la mercancía, pues podrá implementar el servicio de domicilios lo que aumentará su clientela y por ende sus ventas e ingresos y, en los tiempos muertos del negocio, podrá poner a trabajar el moto carro, generando ingresos adicionales. De esta forma podrá avanzar y tener una estabilidad económica favorable para brindar bienestar y calidad de vida a su familia.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,922.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,125 helped Rubiel Ángel to purchase a delivery van and inventory (dairy products, meat, grains, cleaning supplies, and other basic goods).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014