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Francisco
Although he does not have much capital, Francisco is very determined to make his sausage production and sales business prosper. Approximately 17 years ago he began the business. At first his products were very experimental, but because of their quality and the good customer service, business grew significantly which allowed him to make his products more technically. By taking food handling courses he learned to apply better techniques, thanks to which the business currently has a good number of customers, guaranteeing Francisco and his family a quality lifestlye. Due to humidity where he prepares the products, Francisco is requesting a loan to repair the damage that affects normal business operation.

Francisco wants his business to continue growing and to be able to provide good customers service, to ensure an income that will improve his family's lifestyle. Francisco's goal is to have a large business some day and generate employment for people who need it most.
View original language description ↓
Sin mucho capital pero con muchas ganas de salir adelante, Francisco ha sacado su negocio de preparación y venta de chorizos adelante. Hace aproximadamente 17 años comenzó a desempeñar la actividad, y en un principio la preparación de sus productos era de manera muy empírica, pero gracias a la buena calidad de los mismos y a la buena atención que ofrece a sus clientes, el negocio tuvo una gran demanda que le permitió preparar los productos de una manera más tecnificada. Tomando cursos sobre manipulación de alimentos fue aprendiendo a desempeñar la actividad con mejores prácticas, y gracias a esto su negocio actualmente tiene muy buena clientela que le garantiza a Francisco y a su familia una gran calidad de vida. Debido a unas humedades que presenta en el local donde prepara sus productos, Francisco busca que un préstamo le brinde la oportunidad de realizar reparaciones locativas en el humedal que le perjudica las operaciones normales de su negocio.

Francisco espera que de esta manera su negocio siga creciendo y siga ofreciendo una buena atención a sus clientes, para garantizar unos ingresos con los cuales pueda seguir mejorando su calidad de vida y la de su familia. Francisco sueña con tener un gran negocio con el que pueda generar empleo para las personas más necesitadas.

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

  • $6,070
    Average annual income
  • 359
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Francisco to repair damages caused by humidity, which affect business operations.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012