Check out some available loans that are similar to this one!
Jorge Alberto
Jorge is a father dedicated to his three children and his wife. He is a very hardworking and energetic man. He began his working life in the field, as he he was born into a family in the countryside that taught him all about caring for animals and growing crops. As a result, for many years he worked in agriculture, alternating his work with the sale of snack foods, liquor, sodas, and other products, which he sold to supplement his income. After about 20 years, he came to the city due to the armed conflict and extorsion from criminal gangs that he faced where he previously lived and worked. He was forced to pay the gangs a monthly fee just to be left alone to do his job. Instead, he decided to move and start a general store. He receives help from his wife who manages the store while he works construction jobs on the side. Working together, they have managed to support their family and help their children despite all the difficulties life has presented.

Currently, Jorge is asking for a loan to buy goods for his general store (snack foods, sweets, rice, sugar, coffee, cookies, milk, meat, and other basic goods). This will allow him to diversify his inventory and satisfy his clients' demands, which always increases towards the end of the year. He will earn more income with which he will support his family's well-being and continue to invest in his business. As it grows, his main goal is for it to be converted into a small supermarket that will generate employment opportunities for others and guarantee his family economic stability. He would like to provide the best education for his children, and enjoy the best quality of life possible alongside those he loves.
View original language description ↓
Jorge es un padre dedicado a sus 3 hijos y su esposa, se ha caracterizado por ser un hombre trabajador y pujante. Su vida productiva comenzó en el campo, pues nació en el seno de una familia campesina quien le enseñó todas las actividades sobre el cuidado de los animales y cultivos, gracias a ello se desempeñó durante varios años como productor agrícola y a la vez alternaba su labor con la venta de mecato, licor, gaseosas entre otros productos con lo que complementaba los ingresos que recibía. Pero, desde hace aproximadamente 20 años, llegó a la ciudad, siendo una víctima más del conflicto armado y de las extorsiones de las bandas criminales del sector donde se encontraba, a quienes les tenía que pagar una cuota mensual para que le permitieran trabajar. Ya radicado con su familia, decidió montar una tienda de abarrotes en la que recibe el apoyo de su esposa, quien le colabora mientras el cumple su horario como empleado de construcción; así han logrado sacar adelante a sus hijos y han podido progresar a pesar de todas las dificultades que la vida le presenta. Actualmente solicita el apoyo del crédito para comprar surtido en general al por mayor (mecato, dulcería, arroz, azúcar, café, galletería, lácteos, cárnicos, entre otros productos de la canasta familiar), así tendrá más variedad de inventario disponible para satisfacer la demanda que aumenta en la temporada de fin de año, generándole así un mayor nivel de utilidades, con las que podrá seguir velando por el bienestar de su familia y seguir invirtiendo en su negocio, haciéndolo crecer cada vez más, pues su principal meta es convertirlo en un supermercado en el que pueda generar oportunidades de empleo y, que le garantice una estabilidad económica favorable para brindar mejor educación a sus hijos y disfrutar mejor calidad de vida al lado de los que ama.

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.

About Colombia

  • $6,070
    Average annual income
  • 188
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,934.2
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Jorge Alberto to buy various items for his store such as snacks, sweets, rice, sugar, coffee, cookies, milk, meat, and other basic goods.
75% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2013
Listed
Dec 5, 2013
Currency Exchange Loss:
Possible