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Edinson Antonio
Edinson has one child. He is in a common-law marriage and lives with his life partner. Due to the lack of employment opportunities and the difficult financial situation his family is going through, he decided to look for options to generate income on his own. Therefore, he wishes to start his own business, a stationery store where he will offer photocopying services and sell different items like pens, notebooks, erasers, and cardboard, among others.

With this business activity he will be able to take advantage of the advantage that he has. In the area where his business will be located there are no other businesses offering these services. In this way he wishes to start again to generate income to pay for his family’s basic necessities.

Edinson has an entrepreneurial and creative spirit that helps him to find new opportunities to make progress. He is aware that he needs to work with great care and dedication in order to do so.

This motivates him to request the loan with which he will buy a photocopy machine and stock (pens, notebooks, cardboard, and markers, among others). With this he will be able to start with his business idea. Edinson dreams of setting up a store that will be profitable and well-known in the area. He dreams of it generating better income in order to be able to improve his family’s living conditions, to provide them with stable and favorable finances, and to be able to enjoy a better quality of life.
View original language description ↓
Edinson es padre de 1 hijo y vive en unión libre con su pareja. Por falta de oportunidades de empleo y debido a la difícil situación económica por la que atraviesa su familia, decidió buscar opciones para generar ingresos por cuenta propia, por eso desea iniciar su propio negocio, una papelería donde ofrecerá el servicio de fotocopiado y venderá diversos artículos como lapiceros, cuadernos, borradores, cartulina, entre otros; con esta actividad podrá aprovechar la ventaja que tiene, pues en la zona donde estará ubicado, no hay otro negocio que ofrezca estos servicios. De esta manera desea comenzar nuevamente a generar ingresos para solventar las necesidades básicas de su familia. El cliente tiene un espíritu emprendedor y creativo que lo ayuda a encontrar nuevas oportunidades para progresar, además es consciente que debe trabajar con mucho esmero y dedicación para lograrlo. Esto lo motiva para solicitar el crédito con el que comprará una máquina fotocopiadora y surtido (lapiceros, cuadernos, cartulina, marcadores, entre otros) con lo que podrá dar inicio a su idea de negocio. Edinson sueña con montar una miscelánea, que sea rentable y reconocida en el sector, que le genere mejores ingresos para poder mejorar las condiciones de vida de su familia, brindándoles una estabilidad económica favorable y poder disfrutar de una mejor calidad de vida.

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.

About Colombia

  • $11,100
    Average annual income
  • 562
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,917.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Edinson Antonio to buy a photocopy machine and stock (pens, notebooks, cardboard, and markers, among others).
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014