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Raul De Jesus
Raúl has had his own company since 2001, where he makes cleaning products and sells them in various neighborhoods around the city.

His company has grown over time, thanks to the quality of the products he makes. It has allowed him to support his three children and has provided a good quality of life and study.

Raúl wants to grow his company and increase his income and would like to buy a cart to make his deliveries, however to do so he needs to increase his supplies to be able to increase production.
View original language description ↓
Desde el año 2001 Raúl tiene su propia empresa donde elabora productos de aseo que son distribuidos y comercializados en vaR. barR. de la ciudad.

Su empresa con el tiempo ha crecido gracias a la calidad del producto que fábrica, con su empresa el ha logrado sostener sus 3 hijos y les ha brindado una buena calidad de vida y estudio.

Raul quiere que su empresa crezca y así poder no solo incrementar sus ingresos sino poder comprar un carrito para realizar la distribución, sin embargo para lograrlo necesita incrementar sus insumos para así poder aumentar su producción.

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
  • 272
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,758.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Raul De Jesus to buy supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 13, 2011
Aug 1, 2011
Currency Exchange Loss:
Jun 15, 2012