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José Manuel
José has spent several years in business. As a merchant he has acquired a lot of experience. At the moment he is selling tennis shoes. He visits different towns in the urban area and also in rural areas, where his merchandise is in greatest demand and the number of clients has increased considerably. José needs the loan in order to restock his business with a variety of shoes and take advantage of the approaching season. All of this means profits and an increase in his earnings, which will make it easier for him to be able to continue giving his children the education they need so they can have a good future.
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José es una persona que desde hace muchos años se dedica al comercio, como vendedor ha adquirido mucha experiencia, en la actualidad esta actividad la lleva a cabo vendiendo zapatos, tennis, visitando diferentes pueblos de la zona metropolitana y también en zonas rurales donde se presenta la mayor demanda de la mercancía y el número de clientes ha aumentado favorablemente, José requiere el préstamos para surtirse en variedad de calzado y aprovechar la temporada que se avecina, todo esto le representa ganancias y aumento en sus ingresos, lo que le facilita poder seguir brindando a sus hijos el estudio necesario y adecuado que ellos requieren y que se proyecten un buen futuro.

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

  • $11,100
    Average annual income
  • 370
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,964.4
    Colombia Pesos (COP) = $1 USD
A loan of $1,025 helped José Manuel to buy a variety of shoes.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 27, 2014
Apr 6, 2014
Currency Exchange Loss:
May 6, 2014