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Ruben Antonio
At the age of 53, Rubén is owner of a fruit and vegetable store; he’s had it since 2009. Rubén sells his products near his house during a work day that goes from 7am until 4pm. Rubén’s store needs to generate income to support his household. He needs to buy stock merchandise like fruit and vegetables that will create greater variety so that he can fill all his orders. Rubén’s dream is to have a fixed site for his fruit and vegetable store and to improve his quality of life.
View original language description ↓
El señor Rubén a sus 53 años de edad es propietario de una legumbrería desde el año 2009. El señor Rubén vende sus productos cerca de su casa en una jornada de trabajo de todos los días desde las 7:00 a.m hasta las 4:00 p.m. El negocio del señor Rubén nace de la necesidad de generar los ingresos para el sustento de su casa. El señor Rubén requiere de la compra de surtido tal como frutas y verduras que le permitan mejorar la variedad de productos para cumplir con todos los pedidos. El sueño del señor Rubén es tener un sitio fijo para su legumbrería y mejorar su 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
  • 387
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,933.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ruben Antonio to buy fruit and vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 25, 2011
Dec 6, 2011
Currency Exchange Loss:
Apr 17, 2014