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Hernán Javier
Hernán is a man of 45 years who makes a living working as an independent shop-keeper. He started with a fast food business, then he sold merchandise and now he wants to set up a café. For this he already owns the premises and fixed assets, but he needs supplies.

He asks for a loan because he would like to make some changes to the premises and to buy everything he needs, like soft drinks, snacks, sweets, cookies, fried foods, coffee and other products, so that he may start his work project with which he hopes to generate the income he needs to provide for his family.

Hernán is characterized as a dedicated, active and hardworking man. He knows that to achieve his objectives, he must fight tirelessly, with discipline and effort. This will help him fulfill his dream for the future, which is to have a big café where he can create employment opportunities and, as his business grows, set up other branches. By this he will have the opportunity to keep striving to provide a better quality of life for his family.
View original language description ↓
Hernán es un hombre de 45 años que durante su vida productiva se ha dedicado a trabajar como comerciante independiente. Inició con un negocio de comidas rápidas, luego se dedicó a vender mercancía y ahora quiere comenzar con una cafetería, para lo cual ya posee el local y los activos fijos, pero le hace falta el surtido, razón por la cual solicita el crédito, pues desea realizar unas adecuaciones locativas y comprar todo lo necesario como gaseosas, mecato, confitería, galletería, alimentos fritos, café entre otros productos, así podrá dar inicio a su proyecto productivo, con el que espera generar los ingresos necesarios para sacar adelante a su familia. Hernán se caracteriza por ser un hombre dedicado, activo y trabajador, sabe que para lograr sus objetivos debe luchar incansablemente, con disciplina y esfuerzo. Esto le ayudará para que en un futuro logre cumplir el sueño de tener una cafetería grande, donde pueda generar oportunidades de empleo y a medida que vaya fortaleciendo su negocio, montar otras sucursales. Así tendrá la oportunidad de seguir luchando para brindar una mejor calidad de vida a su familia.

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
  • 308
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,916.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,575 helped Hernán Javier to make some changes to his premises and to buy everything he needs, like soft drinks, snacks, confectionary, cookies, fried foods, coffee and other products.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 30, 2013
Currency Exchange Loss:
Oct 30, 2013