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José Daniel
Jose is a young visionary and 21 year old entrepreneur who sells products via catalog to generate the income he needs to support his household.

Since he wants to improve his income and provide a necessary service to the community, he wants to start a new business by opening an internet café that he and his girlfriend will work. He is asking for a loan to buy computers, seats, and paper goods. This will allow him to start his business, with which he expects to generate the income necessary to continue looking after his family’s wellbeing.

Jose hopes to have a good business in the future that is well known in the area to guarantee favorable financial stability and be able to support his girlfriend with her university studies and also provide better living conditions for his family.
View original language description ↓
José es un joven visionario y emprendedor de 21 años de edad, que se dedica a vender productos por catálogo para generar ingresos que le permitan apoyar a la economía de su hogar.
Con el ánimo de mejorar los ingresos y prestar un servicio que le hace falta a la comunidad donde reside, quiere comenzar un nuevo proyecto de negocio, un café internet y papelería, el cual trabajará en compañía de su novia, es por ello que se motiva a solicitar el apoyo del crédito con el que comprará computadores, silletería y artículos de papelería, esto le permitirá dar inicio a su idea de negocio, con la que espera generar los recursos necesarios para seguir velando por el bienestar familiar.
José se proyecta para un futuro, teniendo su negocio bien acreditado y que sea reconocido en la zona, para que le garantice una estabilidad económica favorable y así poder apoyar a su novia con los estudios universitarios y brindar mejores condiciones de vida y bienestar a su familia.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 182
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,980.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,050 helped José Daniel to buy computers, seats, and paper.
37% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible