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Janner David
David, 21, is single and has no children yet. Due to a lack of work experience it has been difficult for him to find job opportunities, although the need and the desire to get ahead have inspired him to request a loan. He'll invest it in setting up a food stall in a space in the main park of the town where he lives.

To achieve this he'll buy fixed assets (a canopy, display cases, chairs, tables) and supplies (pastry, pies, fruit cup, oatmeal, cake, soda) so his business will be well stocked and he'll be able to offer a wide variety of products to the people who pass by.

This way he'll be able to generate income to support his household and make progress toward his main goal of setting up a grilled and breaded chicken business to have economic stability and a better quality of life.
View original language description ↓
David, a sus 21 años de edad es un soltero y aún no tiene hijos. Por falta de experiencia laboral, le ha sido difícil encontrar oportunidades de empleo, pero la necesidad y las ganas de salir adelante lo impulsaron para solicitar el crédito, que será invertido en el montaje de un puesto de comidas en un espacio ubicado en el parque principal del municipio donde reside, para lograr esto comprará activos fijos (carpa, vitrinas,sillas, mesas) e insumos (pasteles, empanadas, salpicón, avena, mecato, gaseosas) con el fin de tener bien adecuado su negocio y poder ofrecer gran variedad de productos a las personas que transitan por el lugar; así podrá generar ingresos para llevar el sustento a su hogar y de esta forma podrá avanzar hacia el cumplimiento de su principal meta que es montar un negocio de venta de pollo asado y apanado, que le pueda brindar la posibilidad de tener una estabilidad económica y una mejor calidad de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $14,007,675
    Funds lent in using Kiva
  • 1,889.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Janner David to buy fixed assets (a canopy, display cases, chairs, tables) and supplies (pastry, pies, fruit cup, oatmeal, cake, soda).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Aug 5, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014