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Diego Alberto
Diego is a hardworking and active man, good in business. He has worked for more than 26 years, many of those as an employee and manager of various sausage shops and bars in the city. After learning the business by working, 12 years ago he made the decision to become self-employed and start his own sausage store. He works every day from 2 p.m. until dawn with the help of two women employees, in order to earn enough income to support his wife and to educate his two children. Currently he is requesting a loan to buy more stock for his store: beer, liquor, sodas, snacks, sweets, among others. This will allow him to satisfy his customers with more available products and improve the profit margin on his sales. At 51 years old, Diego states that his family life as well as his business are stable and do not present many challenges. However, he dreams of improving his life, and in the future be able to own a store and a house as legacy for his children.
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Diego se ha caracterizado por ser un hombre trabajador y activo, bueno para los negocios; con más de 26 años de experiencia laboral, ha trabajado como empleado, administrando diferentes salsamentarías y bares de la ciudad, adquiriendo los conocimientos necesarios para tomar la decisión de independizarse y montar su propia salsamentaría, desde hace 12 años que inició como independiente, trabaja todos los días a partir de las 2 pm y hasta la madrugada, cuenta con el apoyo de dos empleadas y así genera los recursos suficientes para dar sustento a su esposa y sacar adelante a sus dos hijos.
Actualmente solicita el crédito para fortalecer su inventario con cervezas, licor, gaseosas, mecato, dulces, entre otros, esto le permitirá tener más variedad disponible para satisfacer los gustos de los clientes que visitan su negocio, mejorando así el margen de utilidades que recibe por las ventas realizadas.
A sus 51 años de edad, Diego manifiesta que tanto su vida familiar, como su negocio están estables y no presenta mayores desafíos, sin embargo, sueña con mejorar aún más y en un futuro quiere adquirir un local y una casa que sean de su propiedad, para mejorar las condiciones de vida y dejar un buen legado para sus hijos cuando Dios disponga.

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

  • $6,070
    Average annual income
  • 536
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,965.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Diego Alberto to buy more stock: beer, liquor, sodas, snacks, sweets, among others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Jan 20, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014