Hernán is 38 years old and describes himself as strong and enterprising. He says his business has grown thanks to his discipline and the many sacrifices he has had to make.
Eight years ago, Hernán started selling fast food from a mobile hot dog cart. At the same time he was also selling clothing. Seeing that his fast-food sales were taking off because no one else was selling similar products, Hernán decided to relocate to a permanent store in order to improve the quality of his service and gain more customers.
One month ago, the health department inspected his establishment and made some recommendations to improve food safety and hygiene. Hernán is requesting this loan to help pay for the required improvements and avoid having his business shut down.
Thanks to his business, Hernán has improved his family’s living conditions. His greatest dream is to continue to grow his food business and to open new locations in the near future.
Hernán de 38 años de edad, es sinónimo de pujanza y emprendimiento. Cuenta que su negocio ha crecido gracias a su disciplina y a miles de sacrificios que ha tenido que hacer.
Desde hace ocho años inició con la venta de comidas rápidas de manera ambulante en un carro de perros y al mismo tiempo comercializaba ropa.
Al observar que la venta de comidas comenzó a tomar auge en el sector gracias a la exclusividad de sus productos, Hernán decidió trasladar su negocio a un local para mejorar la calidad del servicio y aumentar el número de clientes.
Hace un mes el área de sanidad realizó una inspección a su establecimiento, realizando algunas recomendaciones para mejorar condiciones sanitarias de su negocio, razón por La cual se encuentra solicitando un crédito que destinará en la adecuación del local con el fin de evitar el cierre de su negocio. Gracias a esta actividad, Hernán ha mejorado las condiciones de vida de su familia.
Su mayor deseo es seguir creciendo dentro del sector de alimentos y abrir en un futuro cercano nuevos puntos de venta.
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.