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Leonardo Antonio
Leonardo, during his productive life, has been dedicated to working independently in diverse types of activities, but he feels special motivation for the area of assembling and repairing bicycles. This has been an activity that has generated additional income. Currently and with the intention of stabilizing his finances, he wishes to start his own shop for assembly and repair of bicycles for which he will sublease a small space in a commercial shop where he will begin to lend his service. This is the reason for which he is requesting loan support. He needs to buy the tools and parts to assemble the bicycles so he will be able to start his business idea with which he hopes to generate sufficient income to support his family. Leonardo dreams of establishing his business which he believes will allow him to increase his sales as well as generate direct jobs. This will give him the ability to enjoy favorable economic stability and he will be able to improve his living conditions.
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Leonardo, durante su vida productiva se ha dedicado a laborar de manera independiente en diversos tipos de actividades, pero siente especial motivación por el área de ensamble y reparación de bicicletas, pues ha sido una actividad que le genera ingresos adicionales. Actualmente y, con la intención de estabilizar su economía, desea iniciar su propio taller de ensamble y reparación de bicicletas, para lo cual tomará en subarriendo un pequeño espacio de un local comercial donde comenzará a prestar el servicio, esta es la razón por la que solicita el apoyo del crédito, pues requiere comprar las herramientas, repuestos y partes para ensamble de las bicicletas, así podrá poner en marcha su idea de negocio, con la cual espera generar los ingresos suficientes para llevar el sustento a su hogar. Leonardo sueña con fortalecer su negocio, acreditarlo para que le permita incrementar sus ventas, además desea generar empleos directos. Esto le dará la capacidad de disfrutar una estabilidad económica favorable y podrá mejorar sus condiciones 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 547
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,945.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,050 helped Leonardo Antonio to buy the tools and parts to put together bicycles.
88% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Covered