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Carlos Alberto
Carlos Alberto is a young entrepreneur who finding few employment opportunities decided to set up his own business selling accessories for women and girls. He started the business just a few months ago and given the little capital he had to set it up he’s not been able to offer much variety of products.

However, he tries to get around this disadvantage by offering great service to his customers which has made him memorable in their eyes. Thanks to the good service he offers, Carlos Alberto has been able to have good sales and he hopes this will continue making up for the great amount of competition that exists in his sector.

Aiming at increasing the variety of products he offers in his business, Carlos Alberto is looking for a loan that will make it possible for him to purchase accessories for women and girls to offer a wider selection of products in his business.

Carlos Alberto hopes that his business will be very competitive and continue to stand out in his town. In addition, Carlos Alberto dreams with having a great business that he can generate employment with thus improving the living conditions of many more people.
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Carlos Alberto es un joven emprendedor que al encontrar tan pocas oportunidades laborales decidió montar su propio negocio en el cual ofrece accesorios para damas y niñas. El negocio lo inició hace apenas unos meses, y dado el poco capital con el que fue montado no ha podido ofrecer mucha variedad en sus productos, sin embargo, esta desventaja la intenta eludir ofreciendo una gran atención a sus clientes, lo cual le ha podido generar una gran recordación en sus clientes. En su negocio, Carlos Alberto ha podido tener muy buenas ventas con el buen servicio que ofrece, y espera que esto siga compensando la gran competencia que existe en el sector. Con el ánimo de aumentar la variedad de productos que ofrece su negocio, Carlos Alberto busca que un préstamo le brinde la posibilidad de acceder a la compra de accesorios para dama y niña con lo cual pueda ofrecer una mayor variedad de productos en su negocio.

Carlos Alberto espera que su negocio pueda ser muy competitivo y siga siendo un referente en su municipio. Además, Carlos Alberto sueña con tener un gran negocio en el cual pueda generar empleo y mejorar la condición de vida de muchas más personas.

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
  • 322
    View loans »
    Colombia Loans Fundraising
  • $18,149,450
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,725 helped Carlos Alberto to buy women's and girls' accessories.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 20, 2012
Apr 9, 2012
Currency Exchange Loss:
May 9, 2012