Dario is very dedicated to his job and to his family and thanks to this he has been able to overcome different obstacles that have passed in this life. For approximately the last 17 years Dario has made a living bar tending, thanks to the fact that when he was young he learned how while working in a bar in his area. Dario now has his own bar which he manages and which thankfully provides the necessary income for his household. Dario serves many types of customers in his bar, and his bar is frequented by a high volume of customers. Right now Dario needs to do a few improvements to his bar, like paint the walls and to improve some of the amenities. Due to the fact that he doesn't have sufficient capital to do these improvements, he has requested a loan with the hope that it will provide him with the possibility to accomplish the improvements to his bar.
Dario hopes that in this way his bar will be able to increase it's sales, by having a more attractive look that will bring in more customers. Dario's dream is that his bar will grow so that he will be able to employe many people who need a salary and don't have other employment opportunities. Additionally, he dreams to be able to offer his son and his wife a higher quality of life and better opportunities to progress.
Dario es una persona muy dedicada a su trabajo y a su familia, y gracias a esto ha podido superar diferentes adversidades que le ha presentado la vida. Dario se dedica desde hace aproximadamente 17 años a la atención de bares, gracias a que de joven aprendió la actividad trabajando en un bar de su región. Actualmente Dario tiene su propio bar el cual administra, y gracias a este genera los ingresos necesarios para el sostenimiento de su hogar. Dario atiende en su bar diferentes tipos de clientes, lo que hace que su bar sea visitado por gran cantidad de clientes. Dario en el momento requiere de hacerle algunas mejoras locativas a su bar, como pintar algunas paredes y mejorar algunas instalaciones; debido a que no cuenta con el capital suficiente para realizar estas mejoras locativas, acude a un préstamo con la esperanza en que este le pueda brindar la posibilidad de acceder a realizarle mejoras locativas a su bar.
Dario espera que de esta manera su bar pueda aumentar en ventas, pues tendrá un mejor aspecto y atraerá a más clientes. Dario sueña con que su bar se convierta en un gran bar donde pueda emplear a muchas personas que requieran de un salario y no tengan oportunidades laborales. Además, sueña con poderles ofrecer a su hijo y a su esposa una mejor calidad de vida y mejores oportunidades de progresar.
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.