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Orlando has always considered himself to be very hardworking and wants to give his family a good quality of life. For that reason he puts in effort every day in his locksmith's shop, seeking better financial opportunities for his household. He's been working in this trade for about 40 years. He learned from a very early age and kept his job for a long time. Due to the fact that his job didn't pay well, he decided to start his own locksmith workshop and has been doing that for 22 years, improving his family's quality of life. In his workshop he offers products like doors, windows, bars, decorative items and other things, and thanks to the quality of his work he has very good sales. With the desire to upgrade his machinery, Orlando is seeking a loan to buy a new polishing machine because the one in his shop is obsolete.

This way he will continue to offer good work to his customers and can keep his monthly sales up. Orlando dreams of being able to take care of his wife and 2 children, giving them a good university education.
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Orlando siempre se ha caracterizado por ser muy trabajador y siempre querer ofrecerle a su familia una buena calidad de vida, es por esto que se esfuerza diariamente en su taller de cerrajería para buscar mejores oportunidades económicas para su hogar. Desde hace aproximadamente 40 años viene trabajando en la actividad de la cerrajería, pues desde muy temprana edad la aprendió y consiguió un empleo durante un largo tiempo desempeñando esta actividad. Debido a que consideraba que su empleo no estaba siendo bien remunerado decidió montar su propio taller de cerrajería, y ya lleva unos 22 años trabajando en su propio negocio brindándole a su familia una mejor calidad de vida. En su taller ofrece a sus clientes productos como puertas, ventanas, rejas, artículos decorativos, entre otros, y gracias a la buena calidad de sus productos ha logrado tener muy buenas ventas. Con el ánimo de renovar su maquinaria, Orlando busca que un préstamo le brinde la oportunidad de comprar una máquina pulidora ya que con la que cuenta en su taller se encuentra obsoleta.

De esta manera su negocio seguirá ofreciendo un buen trabajo a sus clientes y así podrá seguir teniendo buenas ventas mensuales. Orlando sueña con poder sacar su esposa y sus 2 hijos adelante, brindándoles una buena educación universitaria.

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
  • 244
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Orlando to buy a polishing machine because his is obsolete.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 12, 2012
May 2, 2012
Currency Exchange Loss:
May 17, 2013