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Cristian Camilo
Cristian is a 21 year old young man who after completing high school started working as a beverage distributor, tasked with delivering orders to customers. He has worked this job for three years and it is his primary source of income, which he uses to cover expenses for the home he shares with his mother. Cristian is very energetic, active, and enterprising, and he works very hard to achieve his goals.

One goal is to start his own business, distributing soft drinks for a brand with worldwide recognition, and the owner and boss of the distributor for whom he currently works is willing to lend him the space to warehouse his products. This is the motivation for seeking the loan, which will be used to purchase soft drinks at wholesale price in a variety of sizes and flavors. He will be able to take advantage of the brand's name recognition and customer demand, and thus be able to earn greater income and continue managing the household expenses. Cristian dreams of one day taking his business completely independent, financing it so that it is profitable and allows him to provide his mother a greater wellbeing and quality of life.
View original language description ↓
Cristian es un joven de 21 años de edad, que luego de culminar sus estudios secundarios, comenzó a laborar en una distribuidora de gaseosas, encargado de entregar los pedidos a los clientes; actividad que realiza desde hace 3 años y es su principal fuente de ingresos, con los que sostiene el hogar donde convive con su madre. Es un hombre enérgico, activo, emprendedor y se esmera por alcanzar sus objetivos, por eso desea comenzar su propio negocio, que consistirá en distribuir una marca de gaseosa muy reconocida en todo el mundo, para lo cual, el dueño y jefe de la distribuidora donde labora, le prestará el espacio para almacenar los productos. Esto lo motiva a solicitar el crédito, que desea invertir en la compra de gaseosas al por mayor en todas las presentaciones, aprovechando que es un producto reconocido y muy solicitado, de esta forma obtendrá ingresos extra para continuar llevando la carga económica de su hogar. Cristian sueña con independizar su negocio completamente, acreditarlo para que sea rentable y le permita ofrecer a su madre un mejor bienestar y 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
  • 481
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,915.7
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,100 helped Cristian Camilo purchase a variety of wholesale soft drinks.
93% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Covered