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Olga Julieta
Julieta is 48 years old. Due to a lack of job opportunities and out of necessity, she was motivated to go off on her own and obtain income herself. That is why she decided to start a fast food business that will be located on a very busy corner in the neighborhood where she lives. She wants to offer cheese arepas in her business, plantain patacones, chorizo with arepas, butifarras, corn arepas, sodas and more. With this, she hopes to obtain the income she needs to pay for her basic expenses. Julieta is a hardworking, striving, enterprising woman, She is asking for the loan as help to invest in buying fixed assets (chairs, a tent) and materials to prepare the food (deli meats, oil, arepas, plantains, and soda) to have a variety of products available to satisfy all of her customers' tastes. This way, she will be able to have a better quality of life and wellbeing.
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Julieta a sus 48 años de edad, debido a la falta de oportunidades de empleo y por necesidad se motivó a independizarse y conseguir ingresos por su cuenta, por eso desea iniciar un negocio de comidas rápidas que estará ubicado en una esquina muy transitada del barrio donde reside. Ella desea ofrecer en su negocio arepas de queso, patacones de plátano, chorizos con arepa, butifarras, arepas de chocolo, gaseosas entre otros, con esto espera conseguir los recursos necesarios para satisfacer sus necesidades básicas. Julieta es una señora trabajadora, pujante, emprendedora, solicita el crédito como apoyo para invertirlo en la compra de activos fijos (sillas, carpa) e insumos para elaborar los alimentos (carnes frías, aceite, arepas, plátanos, gaseosas) para tener disponibilidad y variedad de productos que satisfagan los gustos de todos sus clientes, de esta forma podrá tener una mejor calidad de vida y bienestar.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 550
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Olga Julieta to buy fixed assets (chairs, a tent) and materials to prepare food (deli meats, oil, arepas, plantains, sodas).
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014