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Néstor Obed
Néstor is 35 years old, separated from his spouse, and the father of two children. His job experience began when he worked as a store clerk for various companies. However, due to his living situation, he accepted the opportunity to travel to the United States where he worked as a chef, preparing international foods for seven years. When he finally returned to Colombia, Néstor decided to start his own business with the money he saved during the years he had been working. In his business, he offers a variety of fast food dishes and has the help of two employees. His business is situated in a good location within a commercial area.


Néstor is an active and hardworking man who is passionate about his children and his profession. For this reason, he is requesting a loan so that he can invest in structural improvements (repair the floor of his business), print advertising leaflets, and buy supplies (fried meats, breads, sauces, and sodas) in order to generate more income. This will create a new image for his business, which will make his customers feel more comfortable. In addition, he will have available supplies that he needs to cater to the tastes of his customers. As a result, Néstor will be able to advance his business and succeed. By generating more income, he will be able to accomplish his midterm goal of opening an exclusive restaurant that will be recognized for its tasty food and excellent service. This will enable him to provide his children with a better education and improved quality of life.

View original language description ↓
Néstor a sus 35 años de edad es separado y padre de 2 hijos. Su experiencia laboral comenzó cuando trabajaba como almacenista en diversas empresas, pero por cuestiones de la vida le salió la oportunidad de viajar a Estados Unidos, donde laboró como chef de comidas internacionales durante 7 años; finalmente retornó a Colombia donde inició su propio negocio con el dinero que ahorró durante los años de trabajo. En su negocio, Néstor ofrece variedad de comidas rápidas y ya cuenta con el apoyo de 2 empleadas, ya que su negocio se encuentra muy bien ubicado en una zona muy comercial. El titular es un hombre trabajador, activo y apasionado por sus hijos y su profesión, esto lo motivó a solicitar el crédito, para invertirlo en mejoras locativas (arreglo del piso del negocio), hacer volantes de publicidad y comprar insumos (carnes frías, panes, salsas, gaseosas) todo esto con el fin de mejorar sus ingresos, pues le dará una nueva imagen al negocio donde sus clientes se sentirán más cómodos y además tendrá insumos disponibles para satisfacer los gustos de sus comensales. Esto le permitirá avanzar y sacar adelante su negocio, generando más ingresos que le permitan cumplir el sueño a mediano plazo, de abrir un restaurante exclusivo, que sea reconocido por la buena sazón y el excelente servicio y así podrá brindarle a sus hijos una mejor educación y calidad de vida.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,678,675
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,600 helped Néstor Obed to pay for structural improvements to his shop, print advertising leaflets, and buy supplies for preparing his dishes.
95% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
Covered