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Víctor Manuel
Víctor, ia a 48 year old man. He lives with his domestic partner and two minor children. He works as a security guard of telephone lines in an area close to the apartment where he lives. In his free time Victor has started selling merchandise little by little. Currently he has seen an increase in sales, generating more earnings. He dreams of giving his young children a better education and that their quality of life improves. With the requested loan he will stock with more diverse items such as clothes for women, children and men, so that he can offer his business' loyal customers more variety at the best price.
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Víctor adulto de 48 años, vive con su compañera y dos hijos menores de edad, trabaja como guarda de líneas telefónicas en una zona cerca al departamento donde reside, por el tiempo que le queda Víctor inicia vendiendo mercancías poco a poco, y actualmente se ha visto el incremento de las ventas, generando más ganancias. Sueña con dar una mejor educación a sus hijos menores y que su nivel de vida cada vez sea mayor. Con el crédito solicitado surtirá de gran variedad, como ropa de dama, niños, caballeros, para ofrecer a los clientes fieles que ha ido teniendo a lo largo de este negocio una variedad al mejor costo.

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
  • 390
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,964.2
    Colombia Pesos (COP) = $1 USD
A loan of $2,050 helped Víctor Manuel to stock with more diverse items such as clothes for women, children, men.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Apr 9, 2014
Currency Exchange Loss:
May 9, 2014