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Arnovis Arney
Arnovis is 25 years old and the father of a five-year-old son. Due to the lack of employment opportunities and difficulties in securing a job, he decided to look for ways to generate his own income. For this reason, he opened an Internet café where he works every day from 6:00 A.M. to 7:00 P.M. so that he can get ahead. This allows him to earn the money he needs to support his young son.

Arnovis has had to overcome a variety of obstacles, especially with the people that he hired to help him with the business. They were dishonest and engaged in fraudulent accounting, which resulted in losses. Within the past four months, he has had to replace his employees twice. Nonetheless, he has coped with the situation and moved forward.

Arnovis is currently requesting a loan so that he can invest in fixed assets (computers) in order to increase his capacity and meet the existing demand. This will be reflected in an increased profit margin from the service that he provides. As a result, he will be able to improve his family’s living conditions and continue strengthening his business. Arnovis will also be able to create job opportunities and provide his son with a better well-being and education so that he can grow up with a solid foundation and become a good man.
View original language description ↓
Arnovis, a sus 25 años de edad es padre de un hijo de 5 años. Por falta de empleo y la dificultad para conseguir oportunidades laborales, él decidió buscar opciones que le permitieran generar recursos por cuenta propia, por esta razón montó un café internet, en el que trabaja todos los días des 6:00 am a 7:00 pm, de esta forma ha logrado salir adelante y generar los recursos para brindar el sustento a su pequeño hijo. Arnovis ha tenido que sobrepasar diversos obstáculos, especialmente con las personas que ha contratado para que le ayuden en el negocio, pues han sido muy deshonestas y le llevaban doble contabilidad, lo que le estaba generando pérdidas, en 4 meses ya ha cambiado de empleado 2 veces, sin embargo ha sabido sobrellevar la situación y salir nuevamente adelante. Actualmente solicita el crédito para invertirlo en la compra de activos fijos (computadores) con el fin de incrementar su capacidad instalada y poder satisfacer la demanda que tiene; esto se verá reflejado en el aumento del margen de utilidades que le genera la prestación del servicio, con lo que podrá mejorar las condiciones de vida de su familia y seguir fortaleciendo su negocio, generar oportunidad de empleo y brindar a su hijo un mejor bienestar y educación para que crezca con unas bases sólidas y sea un hombre de bien.

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
  • 241
    View loans »
    Colombia Loans Fundraising
  • $12,896,025
    Funds lent in using Kiva
  • 1,945.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,550 helped Arnovis Arney to buy computers.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 4, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 4, 2013