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Jose Norbey
Jose works for a company in his municipality. However, the bad pay that he gets there motivated him to set up his own business where he would be able to generate income in addition to his employment. This way his family would be able to have a better quality of life. This is how Jose put together a shed for raising chickens, which he sells to his friends, relatives, and acquaintances in his municipality.

With the income from this business, his wife and three children have been able to have a better quality of life and better financial opportunities to get ahead. Nevertheless, Jose still has big financial difficulties. That is why he is looking for a loan to buy chickens to raise and to buy feed for their care.

This way he will be able to increase his capacity in order to take care of his customers’ demand. His dream is to be able to have a large business where he is able to generate employment for other people. He also wants to have income from this business that will allow him to leave his employment.
View original language description ↓
Jose trabaja como empleado en una empresa en su municipio, sin embargo el mal pago que allí recibe lo motivó para montar su propio negocio con el cual pudiera generar ingresos paralelamente a su empleo y así su familia pudiera tener una mejor calidad de vida. Fue así como Jose montó un galpón para la crianza de pollos, los cuales vende a amigos, familiares y conocidos de su municipio. Con los ingresos de este negocio su esposa y sus 3 hijos han podido tener una mejor calidad de vida y mayores oportunidades económicas para salir adelante. Sin embargo, Jose aún tiene grandes dificultades económicas, y es por esto que busca un préstamo para comprar pollos para la crianza y el alimento para su cuidado.

De esta manera podrá aumentar su capacidad para atender la demanda de sus clientes. Su sueño es poder tener un gran negocio donde pueda generar empleo para otras personas y también tener unos ingresos en este negocio que le permitan dejar su empleo.

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
  • 305
    View loans »
    Colombia Loans Fundraising
  • $18,217,500
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
A loan of $850 helped Jose Norbey to buy chickens to raise and to buy feed for their care.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 20, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012