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Gustavo
Gustavo, who is 67 years old, is happily married and the father of three children whom he has gotten ahead through a great deal of effort and dedication.

Some time ago, he moved with his family from his native city to seek out new opportunities to get ahead and to be closer to some relatives. During his professional life he worked for a finance company and he started an internet café on the side to make more money and ensure his family's wellbeing.

He has more than 15 years of experience, which motivated him to start the same business with his wife (see photo), which will be located in the house where he lives with his family. He has purchased all the computer equipment and printers with savings, but he wants to include stationery products for his customers to buy, which require some display cases, stationery supplies, and snacks, soda, candy, and other things. This will allow him to restart his business and generate income for his family.

Gustavo tells us that his greatest wish is to set up his business well and to establish it in the area so that it is known, profitable, and allows him to enjoy a better quality of life in the company of his family.
View original language description ↓
Gustavo, con 67 años de edad, está felizmente casado y es padre de 3 hijos a los que ha sacado adelante con mucho esfuerzo y dedicación. Se trasladó con su familia desde su ciudad natal, con el fin de buscar nuevas oportunidades para salir adelante, y para estar más cerca de algunos familiares. Durante su vida productiva trabajó como empleado en una entidad financiera y de manera alterna había comenzado una sala de internet para complementar los ingresos y velar por el bienestar de su familia, razón por la que su experiencia es de más de 15 años, esto lo motivó para montar el mismo negocio en compañía de su esposa (ver foto) que estará ubicado en la casa donde vive con su familia; ya tiene todos los equipos de cómputo e impresoras, pero desea incluir la venta de productos de papelería y para consumo de sus clientes, por lo que requiere comprar unas vitrinas exhibidoras, insumos de papelería y surtido de mecato, gaseosas, dulces y otros, así podrá reiniciar su actividad y generar ingresos para su familia.
Gustavo manifiesta que su mayor anhelo es poder acreditar bien su negocio y consolidarlo en la zona, para que sea reconocido, rentable y le permita disfrutar una mejor calidad de vida en compañía de su grupo familiar.

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.

About Colombia

  • $6,070
    Average annual income
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 2,049.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gustavo to start his own business with his wife.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014