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Luis Alberto
Luis is 41 years old, married and father to three children aged 10,14 and 16 years old. For twenty years he has worked as a night laborer at a flower nursery and on his own with a horse and cart. He provides services for transporting construction materials, supplies, agricultural materials, and general merchandise. He learned this from this father who did this all his life. Between the two activities Luis generates enough income to cover the daily and monthly expenses of his household. This client is a vigorous, enterprising and active man, forever-struggling to get ahead, overcoming the various difficulties that arise, working arduous and tiring days. All with the goal of accomplishing his dream of continuing to strengthen his business. And in the near future he hopes to become totally independent and be able to employ some of his family.

For these reasons he is requesting this loan to buy a horse and horse cart to provide employment for a family member. Also he wants to increase his income. Which added to the salary from his job at the flower farm he will be able to improve the living conditions of his family and enjoy a favorable economic situation. That would allow him to provide his children with better education and enjoy a more prosperous future together with his family.
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Luis tiene 41 años de edad, es casado y padre de tres hijos de 10, 14 y 16 años de edad. Desde hace 20 años trabaja como operario nocturno en un cultivo de flores y, de manera independiente trabaja en un coche de tracción animal, en el que presta el servicio de transporte de materiales para construcción, acarreos, insumos agrícolas y mercancía en general, labor que aprendió de su padre quien toda su vida realizó este tipo de labor. Alternando ambas actividades es como Luis genera los ingresos para llevar el sustento diario a su familia y solventar los gastos mensuales del hogar. El cliente es un hombre pujante, emprendedor, activo y lucha incansablemente para salir adelante, sobrepasando los diversos obstáculos que se le presentan y trabajando arduas y agotadoras jornadas, todo con el fin de cumplir el sueño de seguir fortaleciendo su negocio y en un futuro cercano, independizarse totalmente y generar empleo entre sus familiares. Esto lo lleva a solicitar el apoyo del crédito, el cual invertirá en la compra de un caballo y un coche de tracción animal, para poder brindar empleo a un familiar y así aumentar los ingresos que complementa con el salario de su actual empleo en el cultivo de flores, de esta forma podrá mejorar las condiciones de vida de su familia, tendrá una estabilidad económica favorable que le permitirá brindar mejor educación a sus hijos y disfrutar de un futuro más próspero en compañía de los suyos.

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.

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About Colombia

  • $6,070
    Average annual income
  • 248
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,920.3
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Luis Alberto to buy a horse and cart.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
Covered