Jose has had to overcome great difficulties in life, and that is why his fighting spirit has always been key, and means his children can now continue to have a good quality of life and continue progressing.
Approximately one year ago, Jose’s wife died, and as such he was left a single father to his two children. As he had to generate all the income to support his household alone, Jose made a decision to establish his own business, hence the idea of a restaurant. This was born from the fact that he already had experience having already worked as an employee in these businesses, and since one year ago, he has been working hard to get ahead and overcome the financial troubles he has. Keen to improve the service to his customers, Jose is seeking a loan to buy supplies to prepare dishes and better meet his customers' demands.
Jose's dream is to drive his business on and offer his children a better quality of life at home.
Jose ha tenido que superar grandes dificultades en la vida, para esto su espíritu de lucha siempre ha sido fundamental y por esto ahora sus hijos pueden seguir teniendo una buena calidad de vida y continuar progresando. Hace aproximadamente 1 año su esposa murió y por tanto quedó como padre soltero de sus 2 hijos, y como debía generar por el solo todos los ingresos para poder sostener su hogar, Jose tomó la decisión de montar su propio negocio. Fue así como surgió la idea de montar un restaurante, pues ya tenía experiencia por haber trabajado anteriormente como empleado en estos negocios, y desde hace 1 año ha venido trabajando fuertemente para sacarlo adelante y superar la dificultad de capital que tiene. Buscando mejorar la atención que ofrece a sus clientes, Jose busca un préstamo para comprar insumos para la preparación de las comidas y poder responder a la demanda de sus clientes.
Su sueño es sacar adelante este negocio y poder ofrecer a sus hijos una mejor calidad de vida en el hogar.
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.