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William Dario
William has a great business that he has moved forward with much effort. Thanks to his dedication, he has generated income which enables him to offer his family a better quality of life. The business started out as distributing snacks and cookies. William has various areas where he sells and supplies a large number of businesses. Later, he was given opportunities in the area and set up a cybercafe and video games in his business. Through this initiative, his income has increased considerably and his family has also had the opportunity to have a better quality of life and better economic opportunities in order to progress. William carries out his snack and cookie distribution in a vehicle that he bought through a high interest loan since he previously had not had the option of accessing a financial institution. However, now he is seeking a loan to pay for the vehicle he uses to distribute snacks and cookies so he will have to pay less interest.

His greatest dream is to continue to have good sales in his business and to continue to offer his family a good quality of life. Also, he hopes to continue growing and to have more customers in different areas of the city to generate more jobs, since right now he has the opportunity to create a job at his business.
View original language description ↓
William tiene un gran negocio que ha sacado adelante con mucho esfuerzo, y el cual gracias a su dedicación le generar unos ingresos con los cuales puede ofrecer en su hogar una buena calidad de vida a su familia. El negocio comenzó siendo una distribución de snack y galletas, donde tiene varios sectores de la ciudad donde los comercializa y abastece una gran cantidad de negocios; y posteriormente dadas las oportunidades en el sector, montó en su negocio un servicio de cibercafé y videojuegos. De esta manera sus ingresos han mejorado considerablemente y su familia ha tenido así la oportunidad de tener una mejor calidad de vida y mejores oportunidades económicas para progresar. La distribución del snack y las galletas la hace en un vehículo que compró con un préstamo a un alto interés, pues anteriormente no tenía la posibilidad de acceder a una entidad financiera, pero ahora busca un préstamo para pagar el vehículo donde distribuye el snack y las galletas y así pagar menos intereses.

Su mayor sueño es seguir teniendo su negocio con unas buenas ventas y seguir ofreciendo en su familia una buena calidad de vida. Además, espera seguir creciendo y tener más clientes en diferentes sectores de la ciudad para generar más empleo, ya que ahora tiene la oportunidad de generar un empleo en su negocio.

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
  • 472
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped William Dario to pay for a vehicle to distribute snacks and cookies, and therefore pay less interest.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 21, 2015