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Luis Fernando
At the age of 16, Luis Fernando learned how to perform auto paint and body work from his uncle. He currently has his own business, which allows him to provide for his daily needs and those of his son. Luis Fernando has a good customer base and is recognized for his good service and quality work. He wants his business to grow more each day and gain more recognition. For this reason, he wants to buy more supplies that he needs to facilitate his work. As a result, he will be able to offer better service to his customers, improve his quality of life, and increase his sales.
View original language description ↓
Luis Fernando desde sus 16 años aprendió la labor de latonería y pintura gracias a las enseñanzas de su tío.

El actualmente tiene su propio negocio que es el que le permite tener su sustento diario y el de su hijo, el tiene una buena clientela y es reconocido por su buen servicio y trabajo. Luis Fernando quiere que su negocio cada día crezca mas y sea reconocido y para esto el quiere comprar materia prima que le pueda facilita su trabajo y así ofrecerle a sus clientes un mejor del servicio, además así mejora su calidad de vida ya que se incrementan sus ventas.

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 Colombia

  • $11,100
    Average annual income
  • 390
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,747.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Luis Fernando to purchase supplies for performing paint and body work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 14, 2011
Aug 1, 2011
Currency Exchange Loss:
Sep 15, 2012