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Cesar Augusto
Cesar lives with his wife in the La Dorada municipality in a house full of love and care for their children.

He works in everything related to soldering and heavy machinery repair and has 30 years experience in this area. It is quite tough work but Cesar does it and knows it very well. From his workshop he does various repairs and functional repairs.

He wants to open another workshop and generate employment and income that will enable him to improve his quality of life, with this workshop he will be able to complete contracts with the city hall to repair cars and construction vehicles.

This is the reason he is requesting a loan, to invest in buying soldering equipment, lathes, industrial drills and a hydraulic press.

He is a strong man who has been able to sustain his family through this business.
View original language description ↓
El señor Cesar, junto con su esposa viven en el municipio de La Dorada en una casa llena de amor y cuidado para sus hijos.
El se dedica a todo lo relacionado con la soldadura y reparación de maquinaria pesada y cuenta con una experiencia de 30 años en este oficio.
Es un trabajo bastante fuerte pero que Cesar realiza y conoce muy bien.
Desde su taller realiza diferentes arreglos y reparaciones funcionales.
El desea abrir otro taller para generar empleo e ingresos que le permitan mejorar su calidad de vida, con este taller podrá realizar contratos con la alcaldía del municipio para la reparación de los carros y vehículos de construcción.
Es por esta razón que solicita un préstamo, para invertirlo en la compra de equipo de soldadura, tornos, taladros industriales y prensa hidráulica.
Es un hombre muy fuerte que ha podido sostener a su familia a través de este negocio.

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

  • $11,100
    Average annual income
  • 484
    View loans »
    Colombia Loans Fundraising
  • $15,253,675
    Funds lent in using Kiva
  • 1,860.8
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,375 helped Cesar Augusto to buy tools to be able to open another workshop.
37% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2014
Listed
Jul 21, 2014
Currency Exchange Loss:
Possible