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Joany Arlez
At 43 years of age, Joany is considered to be a determined small businessman who has worked to see his four children get ahead. Even though his financial conditions have not been the best, he dreams of providing his family a better future. Joany previously was a merchant in his hometown, but he wanted to travel down a new path with his family so they moved to Itagüí, a town in the Department of Antioquia. He has managed a store for the past six years in order to sustain his family.

Joany dreams of increasing his profits. He knows that he must have more operating capital so that he can restock in larger quantities and obtain the necessary discounts that will help him earn more from his sales. Since he does not have the capital at the moment, he is requesting a loan that will help him take the next step toward his dream of providing his children a better quality of life.

View original language description ↓
A sus 43 años de edad Joany se considera un microempresario luchador que ha trabajado para sacar sus 4 hijos adelante, ya que sus condiciones económicas no han sido las mejores, es un soñador que vive con la ilusión de brindarle a su familia un mejor futuro. Anteriormente era un comerciante en su pueblo natal, pero quiso emprender un nuevo camino con su familia y llegó a Itagüí, un municipio del departamento de Antioquia donde tiene una tienda que les ha dado el sustento familiar durante 6 años.

Joany sueña con poder incrementar las utilidades y sabe que para ello debe tener mayor capital de trabajo para comprar el surtido en grandes cantidades y así obtener un descuento en la compra y ganancias en la venta, pero el actualmente no cuenta con este capital, por lo que solicita un préstamo que le ayude a ir cumpliendo paso a paso sus sueños de darle a sus hijos una mejor calidad de vida.

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
  • 338
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Joany Arlez to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 9, 2011
Sep 18, 2011
Currency Exchange Loss:
May 16, 2012