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Alfredo Manuel
Alfredo is a modest man from the country, dedicated to his land and to his family. He has decided to become independent and find capital for subsisting and guaranteeing support for his family.

That is why he wants to start his own business, which consists of a grocery and food store, where he can offer a variety of products and drinks. The only problem is the lack of capital to start, and he is resorting to outside financing to buy an assortment of items, such as drinks and basic needs for families.

With this he will be able to consolidate his establishment, and obtain the income that he has so hoped for for his children.

He is the example of a man who tirelessly looks for ways to progress and get ahead.
View original language description ↓
Alfredo es un humilde hombre del campo dedicado a sus tierras y a su familia.
El ha decidido independizarse y conseguirse un capital para subsisti8r y garantizar el sostenimiento de su familia, por esta razón desea iniciar con su propio negocio que consiste en una tienda de abarrotes y comestibles donde pueda ofrecer variedad de productos y bebidas.
El único problema es la falta de capital para iniciar y acude a un aliento económico para comprar surtido como bebidas, y productos básicos de la canasta familiar. Con estos podrá empezar a consolidar su establecimiento y obtendrá los ingresos que tanto ha esperado para sus hijos.
Es el ejemplo de un hombre que busca incansablemente la manera de progresar y salir adelante.

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
  • 489
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,900.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Alfredo Manuel to buy an assortment of items, such as basic products for family needs and drinks, to start his store.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 10, 2014
May 21, 2014
Currency Exchange Loss:
May 17, 2015