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Diego Mauricio
Diego is 30 years old and always wanted to be a small businessman because his main avocation is business. He says that it’s a difficult path and that on occasions he lost money because of a lack of experience. It could take him years to recover. “There are many things in life that one must be prepared to lose or win, but one must always have knowledge and discipline if success is what one is after.” With these words Diego tells us the risks of investing in a business.

Two years ago he decided to open a restaurant where he is beginning to break even, so he wants to make an investment so that he can offer better service and increase his sales. He is asking for this loan to buy three sets of tables, chairs, and supplies.
View original language description ↓
Diego de 30 años de edad, siempre se inclinó por ser un microempresario debido a que su mayor afición son los negocios. Manifiesta que es un camino difícil debido a que en ocasiones por falta de experiencia ha perdido dinero y la recuperación del mismo puede tardar años. “en la vida hay que estar preparados para perder o ganar, aunque siempre se debe tener conocimiento y disciplina si lo que se busca es el éxito”. Con estas palabras Diego nos cuenta cual es el riesgo que se corre cuando se invierte en un negocio.
Hace dos años decidió montar su restaurante, el cual empieza a alcanzar su punto de equilibrio, por lo cual desea realizar una inversión con el fin de ofrecer un mejor servicio e incrementar el flujo de ventas. Por esta razón se encuentra solicitando un crédito para la compra de tres juegos de mesas, silletería y surtido.

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
  • 304
    View loans »
    Colombia Loans Fundraising
  • $13,787,625
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Diego Mauricio to buy tables and chairs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013