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Luis Alfredo
Luis is a man characterised by his strength and dedication as he strives for a better future. Displaced by violence a year ago, he moved to Medeillín in hope of having a better life for him and his family - he has a wife and two children, both of whom are still under 18. With no financial support Luis was starting from zero as he looked for ways to generate an income to support the family.

Five months ago, Luis started a vegetable store in order to improve his financial situation. Due to his lack of education, access to the job market became an incredibly difficult thing to gain.

The people in the area have responded well to Luis's new shop and so he wants to invest in the business to increase sales and improve his family's quality of life.

Luis's biggest dream is to be able to turn the vegetable shop into a self-service shop and to become a source of employment for the area.
View original language description ↓
Luis, es un hombre que se caracteriza por su fuerza y empeño para ir en búsqueda de un mejor mañana. Desplazado por la violencia desde hace un año, este hombre se radicó en la ciudad de Medellín con la esperanza de un mejor porvenir para él y su familia compuesta por su esposa y dos hijos menores de edad. Sin ningún apoyo económico debió comenzar de cero y buscar los medios para generar el sustento de su hogar.
Desde hace cinco meses montó una legumbrería, con el fin de mejorar su condición económica ya que por su carencia educativa el acceso a un empleo se convirtió en una odisea para el.
Las personas del sector han respondido favorablemente, por lo cual Luis desea realizar una inversión en su negocio para incrementar las ventas y mejorar la calidad de vida de su familia.
Su mayor sueño es poder convertir su legumbrería en una tienda autoservicio y convertirse en una fuente generadora de empleo en el sector.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 258
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Luis Alfredo to buy vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 9, 2013
Apr 19, 2013
Currency Exchange Loss:
Oct 17, 2014