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Idier is an active hard worker wanting to excel and get ahead with his wife. Currently, he wants to start a business in order to supplement his family income as the wages he is earning are not enough to meet the basic needs of his home. His wife is currently unemployed. He wants to start a grocery store in a small space he has available in the house where he lives. He's seeking a loan for it because with the money he can buy an assortment of wholesale goods (grains, pasta, biscuits, canned goods, etc.) so that he can launch this new project in which he will work alternately dividing his schedule with his other employment. In times of absence, he will have the support of his wife. He hopes to improve the lives of his family and become known in the field as his business slowly grows and strengthens with this activity. Idier wants this business to become their primary source of income and to work hard so he comes to fulfill the dream of expanding his business. In the future, he would like to acquire a larger premises that is apart from the family home and generate better income to give his wife a better quality of life.
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Idier es un hombre trabajador y activo, con ganas de superarse y salir adelante en compañía de su esposa. Actualmente desea iniciar un negocio propio, con el fin de complementar los ingresos familiares, ya que el salario que gana algunas veces no le alcanza para solventar las necesidades básicas del hogar y en el actualmente su esposa se encuentra desempleada. Quiere comenzar una tienda de abarrotes, en un pequeño espacio que tiene disponible en la casa donde vive, para ello solicita el crédito, pues con el dinero comprará surtido al por mayor (granos, pastas, galletería, enlatados, entre otros), así podrá poner en marcha su proyecto productivo en el que trabajará de forma alterna a su empleo, ya que sus horarios son divididos y en los momentos de ausencia contará con el apoyo de su esposa, con esta actividad espera poder mejorar las condiciones de vida de su familia y darse a conocer en el sector, para que poco a poco su negocio vaya creciendo y fortaleciendo. Idier desea que este proyecto se convierta en su principal fuente de ingresos, para lo que trabajara arduamente y así llegar a cumplir el sueño de ampliar su negocio, en un futuro poder adquirir un local más grande e independiente de su unidad familiar y generar mejores ingresos para dar a su esposa una mejor calidad de vida.

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
  • 290
    View loans »
    Colombia Loans Fundraising
  • $17,904,550
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Idier to buy wholesale merchandise (grains, pasta, biscuits, canned goods, etc.).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 19, 2013
Oct 22, 2013
Currency Exchange Loss:
Apr 17, 2014