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Víctor Alfonso
Victor is married and 29 years old. He is the proprietor of a vegetable store he started in 2011. His business is located in the central section of the city where he lives. He works every day and sells all kinds of fruit and vegetables. He has one employee who works in shifts because in addition to owning his business, he also works as a driver and a seller of merchandise, other jobs he has that supplement his earnings to support his family.

Victor is active, hardworking, unassuming and happy. He goes to a lot of effort to keep his business functioning while overcoming the obstacles he encounters, especially the competition he faces in the sector. Nevertheless, he does not let this get him down but rather it motivates him each day to continue striving.

He is requesting this loan because he wants to make improvements to his business and buy supplies wholesale (generally fruit and vegetables). In this way his establishment will have a better image and he will have a variety of products available to satisfy his customers’ needs. This should result in an increase in sales and his profit margin.

Victor dreams of accrediting and strengthening his business even more so that in the future he has the option of expanding it and generating more jobs. As well he will be able to have a better quality of life and, along with his wife, enjoy greater well being
View original language description ↓
Víctor es un hombre casado, con 29 años de edad. Es propietario de una legumbrería que inició en el año 2011; el negocio se encuentra ubicado en el sector central del municipio donde reside, trabaja todos los días, ofrece todo tipo de frutas y verduras. Cuenta con el apoyo de una empleada que trabaja por turnos, ya que él, además de tener su negocio, trabaja como conductor y vendedor de mercancía, actividades con las que complementa los ingresos para llevar el sustento a su familia. El cliente es activo, trabajador, humilde y alegre, se esmera por mantener su negocio en funcionamiento, aún sobrepasando los obstáculos que se le presentan, especialmente con la competencia que tiene el sector; sin embargo esto no lo desanima, por el contrario lo motiva cada día para seguir luchando. Solicita el apoyo del crédito ya que desea realizar unas mejoras locativas y comprar surtido al por mayor (frutas y verduras en general), así dará una mejor imagen al establecimiento y podrá tener disponibilidad de diversos productos para satisfacer las necesidades de sus clientes, dando como resultado un incremento en el margen de utilidades por venta. Víctor sueña con acreditar y fortalecer aún más su negocio, para que en un futuro le dé la opción de ampliarlo y generar más empleos; además podrá tener una mejor calidad de vida y disfrutar de un mejor bienestar en compañía de su esposa.

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
  • 525
    View loans »
    Colombia Loans Fundraising
  • $14,638,350
    Funds lent in using Kiva
  • 1,891.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Víctor Alfonso to make improvements to his business and to purchase supplies wholesale (generally fruit and vegetables).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014