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Jhon Herney
Jhon Herney has had a sewing workshop for the past 15 years. He learned to do this when he was very young and has three employees. He delivers his items every week.

He needs to buy another sewing machine so that he can continue growing the business and also improve his production. He also wants to improve his and his children’s quality of life.
View original language description ↓
Desde hace 15 años aproximadamente Jhon Herney tiene un taller de confecciones. Aprendió desde muy joven esta labor y en su taller tiene 3 operarias y cada 8 días entrega producción.

Para que su taller continúe creciendo necesita una máquina plana y así mejora su producción y la calidad de sus prendas, además asi mejora su calidad de vida y el futuro de sus hijos.

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
  • 396
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,951.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Jhon Herney compra de maquina plana.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Nov 30, 2011
Currency Exchange Loss:
Jan 15, 2013