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Rafael Andrés
Rafael, 24, is a young entrepreneur who works in his own business, a cafeteria and deli that he started after having worked with his mother selling tamales and selling pigs by the kilo. Thanks to these activities he was able to save up and set up his own establishment. His spirit of progress and drive have allowed him to carry out his projects and he’s attained them getting very good results. He uses income earned to help his mother with household expenses.

He’s asking for a loan to buy stock at wholesale (soft-drinks, packaged snacks, fried foods and beer, among others) which will make it possible for him to have a variety of products available to satisfy customer wants and needs thereby significantly improving income that will be earmarked for household expenses.

Rafael only wants to strengthen and make his micro business well-known to generate employment opportunities and manage his own enterprise to enjoy the fruits of his labors in the medium run.
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Rafael, es un joven emprendedor de 24 años de edad, que se dedica a trabajar en su propio negocio, una cafetería y salsamentaría que inició luego de haber trabajado con su madre vendiendo tamales y comercializando cerdos por kilos, gracias a esas labores pudo ahorrar y montar su propio establecimiento. Su espíritu de progreso y su pujanza le han permitido llevar a cabo sus proyectos y los ha logrado, obteniendo muy buenos resultados y, con los ingresos que recibe, apoya a su madre con la carga económica del hogar. Actualmente solicita el crédito con el fin de comprar surtido al por mayor (gaseosas, mecato, alimentos fritos, cerveza, entre otros), eso le permite tener variedad de productos disponibles para satisfacer los diversos gustos y necesidades de sus clientes, mejorando notablemente la entrada de dinero que destina para los gastos del hogar. Rafael sólo desea fortalecer y acreditar bien su microempresa, poder generar mejores oportunidades de empleo y así poder gerenciar su propia actividad para disfrutar los frutos de su labor en un futuro a mediano plazo.

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 242
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Rafael Andrés to buy stock merchandise at wholesale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Nov 22, 2013
Currency Exchange Loss:
Apr 17, 2014