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John Antonio
John at 49 years old lives with his wife and four children. He has worked all his productive life as a locksmith which his father taught him when he was young. Today he has a shop in a rented space where he makes doors, iron grates, windows, wrought iron goods, and other products that clients request. Doing this he generates enough money to get his family ahead.

John is a hard-working, modest, vigorous and persevering person who is always looking for ways to grow. For this reason he is requesting a loan because he wants to increase his production capacity by buying a metal bending machine.This will speed up his production and reduce the cost of fabrication. Which will show up in an increase in the profit margin in selling his products.

This will allow John to continue strengthening his business, making it more profitable and give him the opportunity to move towards his main goal. Which is to acquire a place of his own to have his shop.He wants to continue working diligently and with dedication so he can offer his children a better education and well-being. In a medium term future he'd like to enjoy the fruits of his labor alongside his family.
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John, a sus 49 años de edad vive con su esposa y sus cuatro hijos. Toda su vida productiva la ha dedicado a desempeñarse como cerrajero, actividad que aprendió de su padre cuando era joven. Actualmente tiene un taller de cerrajería ubicado en un local arrendado, allí fabrica puertas, rejas, ventanas, artículos en hierro forjado y todo los productos que sus clientes le soliciten, de esa manera ha logrado generar los recursos económicos necesarios para sacar adelante a su familia. El cliente es un hombre trabajador, humilde, pujante y perseverante, siempre busca opciones que le permitan seguir avanzando, razón por la cual se motiva a solicitar el crédito, pues desea mejorar su capacidad instalada comprando una máquina dobladora de lámina, con la cual podrá agilizar su producción y reducir costos de fabricación, lo que se verá reflejado en el incremento del margen de utilidad que se genera por la venta de los productos. Esto le permitirá a John seguir fortaleciendo su negocio, hacerlo más rentable y le dará la oportunidad de avanzar hacia el cumplimiento de su principal objetivo, que es adquirir un local propio para tener su taller y así seguir trabajando con esmero y dedicación para brindar a sus hijos una mejor educación y bienestar, y en un futuro a mediano plazo, disfrutar al lado de su familia los frutos de su ardua labor.

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

  • $11,100
    Average annual income
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,918,625
    Funds lent in using Kiva
  • 1,920.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped John Antonio to buy a metal bending machine.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014