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Frank Mauricio
Frank Mauricio is a 44-year-old gentleman who is single and has no children. He has been selling merchandise for several years as an independent merchant. Frank is also a swimmer who is part of a swim league in Antioquia. He is visually disabled, but this has not kept him from being a determined and level-headed entrepreneur. Frank feels that being blind has excluded him from society, especially in the workplace. For this reason, he chose to move forward on his own and devote his time to selling merchandise and catalog products.

With the loan he is requesting from Interactuar, Frank plans to buy inventory in bulk (such as clothing, tennis shoes, and perfumes) so that he can get a better price. He will then sell these items to relatives, friends, neighbors, and people in his area. His greatest wish is to strengthen his business so that it will be stable and generate more income to improve his quality of life. Frank also wants to continue practicing his sport for which he has a passion.

View original language description ↓
Frank Mauricio es un hombre de 44 años de edad, es soltero y aún no tiene hijos. Hace varios años se dedica a la actividad de la venta de mercancía como comerciante independiente y además es nadador de la liga de natación de Antioquia. Es un hombre con discapacidad visual, pero eso no lo detiene para ser emprendedor, luchador y muy juicioso. Siente que por ser invidente ha sido excluido de la sociedad, especialmente en el campo laboral, por lo que optó por salir adelante por si sólo y dedicarse a la venta de mercancía y productos de catálogo. Con el crédito que solicita en la Corporación desea comprar surtido al por mayor (ropa, tenis, perfumería) ya que le dan mejor precio, para luego venderla a sus familiares, amigos, vecinos y personas del sector. Su mayor anhelo es fortalecer su negocio para que sea estable y le brinde más ingresos para mejorar su calidad de vida y además poder continuar practicando el deporte que lo apasiona.

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
  • 317
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,927.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Frank Mauricio to buy inventory in bulk such as clothing, tennis shoes, and perfumes.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 29, 2013
Jul 1, 2013
Currency Exchange Loss:
Apr 17, 2014