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Nicolas De Jesus
Nicolas is married, and he and his wife have a food business, which provides the income they need at home in order to offer their children a good quality of life. They started their business selling food a long time ago, and thanks to the good quality of their products they have managed to make very good sales and gradually expand the business. This has allowed them to have a better quality of life at home and greater financial stability.

Nicolas has always wanted to have his own food stall, but since he didn't have enough capital to own a place for his business, they have always sold their food door to door. That is why now that they have the opportunity to set up a location, he is requesting a loan that will allow them to buy chairs, tables, and kitchen supplies, such as plates and silverware, so that they can set up their food stall.

This will allow him to achieve his dream and sales will also improve, because the business will have a fixed location and become more visible to his customers. His greatest hope is that his business will offer him good stability, which in turn will provide a good quality of life at home and opportunities for financial advancement.
View original language description ↓
Nicolas se encuentra casado y junto con su esposa tienen un negocio de venta de comida con el cual generan los ingresos que se requieren en su hogar para brindar una buena calidad de vida a sus hijos. Hace mucho tiempo comenzaron con la actividad de la venta de comida y gracias a la buena calidad de sus productos han logrado tener muy buenas ventas y crecer poco a poco en el negocio; esto les ha permitido tener en su hogar una mejor calidad de vida y una mejor estabilidad económica. Nicolas siempre ha soñado con tener su propio puesto de venta de comida, pero debido a que no contaba con un capital suficiente para tener un local, las comidas siempre las han vendido a domicilio; por esto es que ahora que tiene la oportunidad de ubicarse en un local, busca un préstamo que les permita comprar sillas, mesas, artículos de cocina como platos, cubiertos, y así montar su puesto de venta de comidas.

De esta manera logrará su sueño y también tendrá unas mejores ventas, pues ya podrá estar ubicado en un punto fijo y ser más visible para sus clientes. Su mayor sueño es que su negocio le brinde una buena estabilidad y esto se transmita en su hogar con una buena calidad de vida y oportunidades económicas para progresar.

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
  • 534
    View loans »
    Colombia Loans Fundraising
  • $14,930,575
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nicolas De Jesus to purchase chairs, tables, and kitchen supplies like plates and silverware, in order to set up his food stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013