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Evelio
Evelio has spent a great part of his life working in agriculture and a few years ago opened a grocery store and hostel on a very busy road in one of the districts in the east part of the city. By alternating both activities he’s been able to generate income sufficient for his permanent support.

He’s a charismatic, persevering man who is dedicated to his work and despite obstacles that have arisen always seeks ways to overcome them and continue moving forward. He’s motivated to request this loan to buy stock merchandise at wholesale (packaged snacks, soft-drinks, cookies and crackers, grains, dairy products, sweets, etc.) and to replace some of his fixed assets that are in poor condition.

This will ensure his continued operation and provide the establishment with a renewed appearance leading to increased sales and income earned from his work. In this way, Evelio will continue striving to reach his dream of owning a delicatessen in one of the city’s popular neighborhoods that will make it possible for him to enjoy favorable economic stability and better well-being.
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Evelio se ha dedicado gran parte de su vida a trabajar como agricultor y, hace algunos años inició una tienda de abarrotes y estadero ubicada en una vía muy transitada de un corregimiento al oriente de la ciudad, alternando ambas actividades ha generado los ingresos suficientes para su sustento permanente. El cliente es un hombre carismático, dedicado a sus labores y perseverante, a pesar de los diferentes obstáculos que se le han presentado siempre busca la manera de sobrepasarlos y seguir adelante. Se motiva a solicitar el crédito para invertirlo en la compra de surtido al por mayor (mecato, gaseosas, galletería, granos, lácteos, confitería, entre otros) y para cambiar algunos activos fijos que están en mal estado, esto le ayudará a seguir avanzando y a dar una nueva perspectiva a la imagen del establecimiento, abriendo la oportunidad de incrementar las ventas y los ingresos que recibe por su labor. De esta manera Evelio seguirá luchando para llegar a cumplir el sueño de ser propietario de una salsamentaría en un barrio popular de la ciudad, que le permita disfrutar de una estabilidad económica favorable y un mejor bienestar.

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
  • 476
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,886.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,600 helped Evelio to buy stock merchandise at wholesale and to replace some of the fixed assets that need to be.
87% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015