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Jaime Ramiro
Jaime is 63 years old. He has dedicated a large part of his life to sales. Since he was 18, he has had his own business where he sells household items. This work has been the financial ticket for him and his sister's family, with whom he works in the store. This work has allowed him to build his house and offer his family a place to live.

He is requesting this loan to purchase stock to meet his customer's demand for products.

His dream is to see his business grow and become a self-service market, which will improve his quality of life and that of his family.
View original language description ↓
Jaime de 63 años de edad, ha dedicado gran parte de su vida a comerciar. Desde hace 18 años montó su propio negocio en donde comercializa productos de la canasta familiar. Esta actividad ha sido su entrada económica para el y la familia de su hermana con la que trabaja en la tienda.
Con esta actividad ha podido construir su casa y ofrecerle a su familia un techo para vivir. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de surtido con el fin de solventar la demanda de productos exigidos por su clientela.
Su mayor sueño es ver crecer su empresa y convertirla en un mercado autoservicio, que permita mejorar la calidad de vida de él y su familia.

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
  • 241
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,700 helped Jaime Ramiro to purchase household items.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Feb 8, 2013
Currency Exchange Loss:
Mar 10, 2013