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Gabriel Jaime
Señor Gabriel began his business of manufacturing and selling leather goods for horses, including saddles and bits, 20 years ago. He learned this trade when he was very young and had already labored in different saddleries before starting his own business. This enabled him to obtain the necessary knowledge to run his own business.

At the moment, he offers employment to a person with speech limitations who has great ambitions for improvement. Gabriel's objective is to be able to offer more jobs to people in similar positions. He believes that these individuals have a lot of potential to perform well in any job, but unfortunately, society has excluded them.

Gabriel is requesting a loan to buy a batch of steel, a blacksmith's press, and other work tools like sandpaper, all things that will permit him to maintain high sales and earn more income. One of his biggest dreams is to give a quality education to his two children, who are the most precious treasures he has, and to offer a better life for his wife.
View original language description ↓
El señor Gabriel inició su negocio de fabricación y venta de artículos de cuero para caballos, como sillas de montar y frenos hace 20 años. Este oficio lo aprendió desde muy joven ya que había laborado en distintas talabarterías antes, esto le permitió obtener los conocimientos necesarios para comenzar con su establecimiento.
En estos momentos le genera empleo a una persona con limitaciones auditivas, pero que tiene muchas ganas de progresar y el objetivo de Gabriel es poder ofrecerles más empleo a personas con esta condición, pues considera que son personas con mucho potencial para desempeñarse en cualquier labor pero que lastimosamente la sociedad los ha excluido.
Gabriel solicita un préstamo para comprar un lote de acero, una prensa de herrería e implementos de trabajo como lijas, elementos que le permitirán mantener un flujo elevado de ventas y por ende más ingresos.
Uno de sus sueños más grandes es poder darles una educación de calidad a sus dos hijos que son el tesoro mas preciado que tiene, y ofrecerle una mejor vida a su esposa.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 530
    View loans »
    Colombia Loans Fundraising
  • $14,930,575
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,825 helped Gabriel Jaime to buy a blacksmith's press, a batch of steel, and various tools.
48% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible