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Norman Alberto
Norman is a 46-year-old man who arrived at the institution some time ago with many dreams and goals including having his own home. Requesting his 7th loan today, he sees his dream even closer. He remembers that when he requested his first loan he was just starting his business and now gives thanks for the opportunity he was given.

He is requesting a loan to purchase general hardware supplies such as hammers, wrenches, nails, etc. since he has decided to use his savings to finish his house, which he has been building with hard work and great effort.

This loan is very important, for it will allow him to continue building his house and to somehow show appreciation and results to the lenders who at some point have offered him help. He wants to tell them, "I succeeded. Look, I have almost finished my house and you are greatly responsible for giving me the confidence to create and expand my business."
View original language description ↓
Norman un hombre un hombre de 46 años de edad que llego hace un tiempo a la corporación con muchos sueños y metas los cuales han sido tener su propia casa y hoy pidiendo su 7 préstamo ve este sueño cada vez más cerca pues recuerda que cuando pidió el primero apenas iniciaba su empresa y hoy en vida agradece la oportunidad que le dieron.

Quiere solicitar un préstamo para la compra de insumos de ferretería en general. Martillos, llaves, clavos, en general todo lo que se encuentra ya que sus ahorros los está destinando a la finalización de su casa que con tanto trabajo y esfuerzo ha ido construyendo.

El crédito ser muy importante pues podrá continuar con la construcción de su casa y demostrar de alguna manera agradecimiento y resultado a los prestadores que alguna vez le ofrecieron su ayuda y decirles triunfe miren casi termino mi hogar y en gran parte ustedes son los responsables por darme la confianza de crear y hacer crecer mi negocio.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Colombia

  • $11,100
    Average annual income
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,874.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,300 helped Norman Alberto to buy general hardware supplies such as hammers, wrenches, paints, etc.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2014
Aug 11, 2014
Currency Exchange Loss:
Sep 10, 2014