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Elver De Jesus
Elver has had to pass through many adversities in his life. However, he has always had his wife's support to help him get past life's difficulties. Currently, Elver is unemployed due to unforeseen circumstances that forced him leave the company where he was working. Even so, his salary was insufficient to cover the household expenses.

Elver has an opportunity through his brother in law's legumes shop, which is in a very good location where many clients do their shopping. Elver wants to set up a butcher shop and have a stable source of income to improve the quality of life in his home. With the objective of setting up his shop, Elver will use the loan to buy a fridge and a stainless steel table to have enough to set up a meat shop in his brother's legume shop.

In this way, Elver will be able to take advantage of his brother-in-law's market location to increase his household income, thus improving their quality of life. Elver dreams of having a big business, generating jobs and getting his family ahead in spite of the difficulties presented to him.
View original language description ↓
Elver es una persona que ha tenido que atravesar por muchas adversidades en su vida, sin embargo siempre ha tenido el acompañamiento de su esposa y así poder superar las dificultades que se le presentan. En la actualidad Elver se encuentra desempleado, pues por circunstancias adversas a su voluntad se vio en la obligación de salir de la empresa donde estaba trabajando, aunque de igual forma el salario que allí ganaba no era suficiente para poder sostener los gastos de su hogar. Buscando aprovechar la oportunidad que le da su cuñado, el cual tiene una legumbrería muy bien posicionada y en la cual hacen el mercado muchas personas, Elver quiere montar una carnicería y así poder tener una fuente de ingresos más estable con la cual pueda ofrecer en su hogar una mejor calidad de vida. Con el ánimo de hacer el montaje de su negocio, Elver busca que un préstamo le brinde la oportunidad de comprar un refrigerador y una mesa de acero inoxidable y así poder tener lo necesario para el montaje de su carnicería en la legumbrería de su cuñado.
Así, Elver podrá aprovechar el espacio que su cuñado le esta brindando en la legumbrería, además de que podrá generar mejores ingresos para su hogar permitiéndose ofrecer una mejor calidad de vida. Elver sueña con tener un gran negocio, con poder generar empleo y con sacar su familia adelante pese a las dificultades que se le han presentado.

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
  • 238
    View loans »
    Colombia Loans Fundraising
  • $17,831,500
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,725 helped Elver De Jesus to buy a fridge and a stainless steel table to set up a meat shop in his brother-in-law's legume shop.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 27, 2012
Jun 1, 2012
Currency Exchange Loss:
Jul 1, 2012