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Jhon Fredy
Jhon, age 34, is a tattoo artist who provides his services from a shop located in the town of Santa Rosa de Osos, Colombia. He has been doing this for several years. Jhon learned his art thanks to a friend who taught him. He later perfected his skills at an academy. Jhon works every day from 9:00 A.M. to 7:00 P.M.

He is requesting a loan so that he can buy merchandise, especially handicrafts, and a display cabinet. His greatest wish is to provide his seven-year-old son with a decent home and a good education.

View original language description ↓
Jhon de 34 años de edad, es tatuador y presta sus servicios en un local ubicado en el municipio de Santa Rosa de Osos, Colombia. Desde hace varios años. Aprendió el arte gracias a la enseñanza de un amigo y posteriormente lo perfeccionó en una academia. Labora diariamente de nueve de la mañana a siete de la noche. Se encuentra solicitando un crédito que invertirá en la compra de mercancía especialmente artesanías y la adquisición de una vitrina.
Su mayor sueño es brindarle a su hijo de siete años de edad una vivienda digna y una buena educación.

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
  • 318
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,837.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Jhon Fredy to buy handicrafts to sell and a display cabinet.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 17, 2013
Apr 24, 2013
Currency Exchange Loss:
Apr 17, 2014