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Luis Alberto
Luis, 60, is an unassuming and charming man who has become known in his neighborhood for the good service that he provides in his business. He has a grocery store that he started about 15 years ago in order to generate the income he needed to support his household. He learned this business on the job, and he gradually acquired experience through trial and error. Now he is supported by his wife, and he works from 7am until 9pm.

At this time, he is requesting a loan to stock up his store at wholesale, purchasing snacks, cookies and crackers, sweets, dairy products, meat products, and other items. This way, he will have a greater variety of items available to satisfy the tastes and needs of his customers, especially at the end of the year, when sales tend to increase. This will give him financial benefits so that he can continue to meet the needs of his household.

"My age is not an impediment to continue working, as I still have the energy and motivation to strive for my family's well-being," states Luis. He dreams of making his business more profitable and more well-known so that he can keep it going over time. This way, in the future, he can enjoy time with his wife, a better quality of life, and a tranquil old-age.
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Luis, con 60 años de edad, es un hombre humilde y carismático, que se ha dado a conocer en el sector donde reside por el buen servicio que presta en su negocio; una tienda de abarrotes que inició hace aproximadamente 15 años, como una opción para generar los ingresos económicos que requiere para llevar el sustento a su hogar. Aprendió la actividad de manera empírica y poco a poco fue adquiriendo experiencia por el método de prueba/error; actualmente recibe la colaboración de su esposa y trabaja desde las 7:00 am hasta las 9:00 pm. Actualmente solicita el apoyo del crédito con el fin de invertirlo en la compra de surtido al por mayor (mecato, galletería, dulcería, lácteos, productos cárnicos, entre otros), así tendrá más variedad de artículos disponible para satisfacer los gustos y necesidades de sus clientes, especialmente en la temporada de fin de año en la que se incrementan las ventas, logrando un beneficio económico para seguir sustentando las necesidades del hogar. “Mi edad no es un impedimento para seguir trabajando, pues todavía tengo la energía y la motivación para luchar por el bienestar de mi familia” manifiesta Luis; quien sueña con acreditar bien su negocio y hacerlo más rentable y perdurable en el tiempo, para que en un futuro le permita disfrutar al lado de su esposa, de una vejez más tranquila y con una mejor calidad de vida.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,930.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,300 helped Luis Alberto to buy products for his store at wholesale (snacks, cookies, sweets, dairy products, meat products, and other items).
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014