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Elkin Ferney
Elkin is 30 years old and plans on being a great businessman. Since his childhood, he has dreamed of having his own business and helping his parents with the household expenses. He gets up early every day and goes to his store to start his tasks.

His job has allowed him to have the opportunity to finish his high school degree and his big challenge is to be able to have the chance to go to the university to become a great businessman.

He dreams of being able to offer his family a house of their own and forget about renting. He says that his parents have been a big inspiration and that is why he will fight to offer them a better quality of life.

He is asking for a loan to invest in buying stock to increase his sales volume and obtain more income.
View original language description ↓
Elkin a sus 30 años de edad, se proyecta con un gran empresario. Desde su niñez soñó con tener negocio propio y colaborarle a sus padres con las obligaciones de la casa. Todos los días se levanta muy temprano y se dirige abrir su tienda para comenzar su faena.
Su trabajo le ha permitido tener la oportunidad de terminar su bachillerato y su gran reto es poder tener la oportunidad de ingresar a la universidad para convertirse en un gran hombre de negocios.

Sueña con poder ofrecerle a su familia una vivienda propia y olvidarse del alquiler que mes a mes debe pagar. Asegura que sus padres han sido su gran inspiración y que por ello luchará para ofrecerles una mejor calidad de vida.
Se encuentra solicitando un crédito que invertirá en la compra de surtido para incrementar el volumen de ventas y obtener mayores ingresos.

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
  • 230
    View loans »
    Colombia Loans Fundraising
  • $17,831,500
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Elkin Ferney to buy basic family basket products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Jan 6, 2013
Currency Exchange Loss:
May 22, 2014