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Leonardo has been an entrepreneur from a very young age and has considered that working independently allows him to generate income for his family and to improve his quality of life for some time. Leonardo has a store where he sells a variety of products needed for basic family consumption. He also raises pigs that produce additional income.

At present, Leonardo needs a loan to buy a refrigerator in order to be able to offer other types of products to his customers and improve sales; he will also do some remodeling in his store.
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Desde joven Leonardo ha sido emprendedor y ha considerado que trabajar independiente le permite generar ingresos para su familia y mejorar su calidad de vida, desde hace algún tiempo, Leonardo tiene una tienda donde vende diferentes productos de la canasta familiar, así mismo cuenta con un criadero de cerdos que le permite obtener mayores ingresos.

Actualmente Leonardo necesita de un préstamo para comprar un refrigerador y así ofrecer otro tipo de productos a sus clientes y mejorar sus ventas, así mismo realizará algunas adecuaciones locativas.

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
  • 311
    View loans »
    Colombia Loans Fundraising
  • $18,193,150
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Leonardo to buy a refrigerator and to do some remodeling.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 12, 2011
Sep 4, 2011
Currency Exchange Loss:
Oct 17, 2012