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Fredy
At 49 years old, Fredy is the father of one child and is in a civil union with his partner. Throughout his adult life he has worked in construction. However, with the desire to make a better income for his family, he wants to start his own business. To do this, he wants to take advantage of an opportunity that has been presented to acquire a space located near a well-known store in the neighborhood. That's where he wants to start his own grocery business. In order to do this he is requesting the support of this loan to purchase fixed assets such as shelving and a cooler. He also wants to buy wholesale stock like dairy and meat products, cleaning products, cookies, grains, pasta, oil, sugar, rice, and brown sugar, among other basic products. This will allow him to start this project that he hopes will make the income necessary to cover his family's necessities. Fredy believes that although he does not have experience running this type of business, he is really motivated because he sees a great source of income in this. He wants to work hard to get this project going, become profitable, and achieve financial stability in order to provide his family with a better life and wellbeing.
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Fredy, a sus 49 años de edad, es padre de un hijo y vive en unión libre con su compañera sentimental. Durante su vida productiva se ha dedicado a trabajar en el campo de la construcción, pero, con el ánimo de generar mejores ingresos para su familia, desea iniciar su propio negocio, para ello quiere aprovechar la oportunidad que se le presentó de adquirir un espacio donde se encontraba ubicada una tienda muy reconocida del sector y quiere iniciar allí su propia tienda de abarrotes; por esta razón solicita el apoyo del crédito, para comprar activos fijos (estanterías y enfriador) y surtido al por mayor (lácteos, cárnicos, productos de aseo, galletería, granos, pastas, aceite, azúcar, arroz, panela, entre otros productos de la canasta familiar), de esta manera podrá dar inicio a su proyecto productivo, con el que espera generar los ingresos necesarios para satisfacer las necesidades de su familia. Fredy manifiesta que aún sin tener conocimiento en el manejo de este tipo de negocios, está muy motivado porque ve en él una gran fuente de ingresos y por ello quiere luchar para sacar su proyecto adelante, logrando una rentabilidad y estabilidad económica para dar a su familia un mejor bienestar y condiciones de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,802,650
    Funds lent in using Kiva
  • 1,886.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,200 helped Fredy to buy fixed assets (shelving and a cooler) and wholesale stock (dairy products, meat products, cleaning products, cookies, grains, pastas, oil, sugar, rice, and brown sugar among other basic products).
48% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible