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Horacio Manuel
Horacio is a courageous and persistent man. He has done everything in his power to support his wife and five children.

He has a small grocery store where he sells products of basic needs. He established the store at his own house, and from there he generates the household income.

He wishes to have a big supermarket where he can offer multiple products and reach more clients. The problem is that he doesn’t have the enough resources to accomplish this.

That is why he is asking for a loan, with which he will buy different products for his store. With this he hopes to start selling in larger quantities and a larger variety of products.
View original language description ↓
Horacio es un hombre aguerrido y luchador, ha hecho todo lo que esta a su alcance para sostener a sus esposa y sus 5 hijos.
Él tiene una pequeña tienda en la que vende productos básicos de la canasta familiar, la tiene instalada en su propia casa y desde allí genera los ingresos para su hogar
Él tiene el deseo de tener un gran supermercado en el que pueda ofrecer múltiples productos y expandir su negocio a mas personas, pero el problema es que no cuenta con el dinero para lograrlo.
Por eso acude a un apoyo económico para comprar surtido de productos para su tienda y de esta forma empezar a vender en mayores cantidades y mas variedad.

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
  • 382
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,937.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Horacio Manuel to buy different products for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 1, 2014
May 13, 2014
Currency Exchange Loss:
Sep 25, 2014