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José Orlando
José, who is 52 years old, has had his own business for approximately 22 years: a carpentry shop that he set up after learning how to work wood with his brother. He continued honing his skills by working for a carpentry shop in the city, where he gained the experience he needed to become independent. This is how he generates enough income to support his teenage son and provide for his family.

This client is a driven, active, and hardworking man who has overcome several hurdles in his life. His son has always been his motivation, and he is always looking for new alternatives in order to provide for him.

He is currently requesting the help of an eighth lending cycle, which he wants to use to buy wholesale supplies (wood, sealer, glue, and other items). This will allow him to keep working and he will have supplies available to fulfill pending orders. This will result in an increase in sales and in the income he earns from his work. José says he is doing very well so far in all respects and the only thing he wants is to see his son get ahead. He wants to give him an excellent education and ensure he becomes an upstanding man. That is his greatest wish.
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José, a sus 52 años de edad, se dedica a trabajar en su propio negocio desde hace aproximadamente 22 años, una ebanistería que inició luego de aprender al lado de su hermano el manejo de la madera y, luego fue perfeccionando su técnica cuando entró a trabajar en una ebanistería de la ciudad, allí obtuvo la experiencia necesaria para luego independizarse. De esta manera genera los ingresos suficientes para sostener a su hijo adolescente y para llevar el sustento a su hogar. El cliente es un hombre pujante, activo y trabajador, ha sobrepasado diversos obstáculos durante su vida productiva, pero siempre motivado por su hijo, por el que siempre busca nuevas alternativas para sacarlo adelante. Actualmente solicita el apoyo de su octavo ciclo de crédito, con el que desea comprar insumos al por mayor (madera, inmunizador, pegantes, entre otros) esto le permitirá continuar con su labor y podrá tener disponibilidad de insumos para cumplir con los encargos que tiene pendientes, lo que se verá reflejado en el incremento de sus ventas y de los ingresos que recibe por su trabajo. José manifiesta que hasta el momento se encuentra muy bien en todo sentido y lo único que desea es ver a su hijo salir adelante, brindarle una excelente educación y velar para que sea un hombre de bien, ese sería su mayor deseo.

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

  • $11,100
    Average annual income
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped José Orlando to buy wholesale supplies (wood, sealer, glue, and other items).
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014