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Daniel, at twenty-five years of age, dreams of having his own shop and being his own boss. His plan is to sell alcohol and other drinks. In order to make this project come to fruition, he asks for a loan to fit out his locale and acquire the necessary permits and licences to open shop. He says that, even though there is already a similar shop in the neighbourhood, its prices are rather steep. Daniel wants to take advantage of that to position himself as the cheaper alternative at first and thus grow and attract a loyal customer base. His dream is to give his son a better standard of living, to protect his well-being and to ensure his education.
View original language description ↓
Daniel a sus 25 años de edad, sueña con crear su propio negocio y laborar como independiente, comercializará licor y bebidas. Con el fin de materializar su proyecto, se encuentra solicitando un crédito que invertirá en acondicionar el local, adquirir los permisos y las licencias correspondientes para abrir al público.
Asegura que dentro del mercado local ya existe un negocio con las mismas características, pero los precios son bastante elevados, por lo cual aprovechará este factor para crecer dentro del mercado y fidelizar sus clientes.
Sueña con brindarle a su hijo una mejor calidad de vida velando por su bienestar y educación.

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
  • 307
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,881.7
    Colombia Pesos (COP) = $1 USD
A loan of $2,675 helped Daniel to fit out his locale and acquire the necessary permits and licences.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 30, 2013
Currency Exchange Loss:
Jun 29, 2013