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Jorge Armando
Jorge has been installing gas lines for approximately 12 years. He learned this trade from a family member and it makes him the income he needs to support his household. Jorge is married and has one child who, because of his young age, needs a lot of care and also creates large expenses for his family. For this reason, Jorge is always looking to increase his income so that he can offer his son a good childhood and offer his wife a better quality of life. Jorge is very efficient in his work as a gas installer and he is very well known among his customers. This has meant that he gets very good contracts. However, the business has many times when there isn't much work and Jorge cannot find contracts. This makes it hard for him to make income for his household. With the aim of improving this situation, Jorge has learned how to work as an electricity installer and has been able to diversify his work so that he runs less risk of being unable to make income for his household. Now that he carries out this business well, Jorge would like to buy some work tools. He is looking for a loan that will enable him to buy tools for carrying out his work as an electricity installer. This will give him an additional source of income on top of the money he makes installing gas lines.

Jorge hopes that a lack of income will no longer cause him problems as he is finding a lot of work in this new business. This means he will be able to offer his family a better quality of life and financial stability which will give them more opportunities for making progress.
View original language description ↓
Jorge lleva aproximadamente 12 años en la actividad de las instalaciones de redes de gas, actividad que aprendió de un familiar y con la cual hoy genera los ingresos necesarios para el sostenimiento de su hogar. Jorge se encuentra casado y es padre de 1 hijo, el cual por su corta edad requiere de mucha atención y también genera grandes gastos para su familia, es por esto que Jorge siempre busca aumentar sus ingresos para poder ofrecerle a su hijo un crecimiento de calidad y a su esposa ofrecerle una mejor calidad de vida. Jorge en la actividad de la instalación de redes de gas es muy eficiente, y gracias a esto es muy reconocido entre sus clientes y esto le ha llevado a tener muy buenos contratos. Sin embargo, la actividad tiene muchos tiempos muertos, donde Jorge no encuentra contratos para desarrollar su actividad y tiene conflictos para la generación de ingresos para su hogar. Con el ánimo de mejorar esta situación, Jorge ha aprendido la actividad de la instalación de redes eléctricas y gracias a esto ha podido diversificar su trabajo y poder tener menos riesgo a quedarse sin ingresos para su hogar. Gracias que ahora desempeña esta actividad con buena calidad, Jorge quiere comprar sus herramientas para trabajar, por lo que busca un préstamo que le brinde la posibilidad de acceder a la compra de herramientas para desempeñar la actividad de la instalación de redes eléctricas, y tener así una nueva fuente de ingresos paralela a la instalación de redes de gas.

Jorge espera que de esta manera sus ingresos no se vuelvan a ver afectados, pues en esta nueva actividad encuentra mucho trabajo, y así podrá ofrecerle a su familia una mejor calidad de vida y una estabilidad económica que les permita tener mayores oportunidades de progresar.

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
  • 281
    View loans »
    Colombia Loans Fundraising
  • $17,895,450
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Jorge Armando to buy tools so that he can carry out an additional business installing electricity.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 20, 2012
Mar 1, 2012
Currency Exchange Loss:
Nov 16, 2012