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Javier Alberto
Javier Alberto, 44, is an entrepreneur with grand dreams. After receiving training in computer maintenance he decided to create his own business offering Internet services, cell phone cards and photocopies. He has been in business for eight years and is thankful for the great opportunity he had to become a small business owner. Because his family is top priority for him, he works hard every day to seek out the best opportunities.

He is requesting a loan to buy computer equipment to expand his business and improve the quality of his services.
View original language description ↓
Javier Alberto de 44 años de edad, es un hombre emprendedor y con grandes sueños. Después de realizar una capacitación en mantenimiento de computadores, optó por crear su propio negocio dedicado a prestar el servicio de internet, venta de minutos de celular y fotocopias. Hoy lleva ocho años realizando la actividad y agradece por la gran oportunidad que tuvo de convertirse en microempresario. Asegura que su familia es lo más importante y la razón para luchar cada día en búsqueda de mejores oportunidades.
Se encuentra solicitando un crédito que invertirá en la adquisición de equipos de computo, con el fin de ampliar su negocio y mejorar la calidad en el servicio.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $17,904,550
    Funds lent in using Kiva
  • 1,833.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Javier Alberto to buy computer equipment.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 19, 2013
May 8, 2013
Currency Exchange Loss:
Jul 17, 2014