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Gildardo De Los Milagros
Gildardo is a 45-year-old man. He is the father of 3 children and is in a common-law marriage with his spouse.

His working life is spent as a construction worker, but seeing as that is a very unstable and uncertain field, he decided to start his own business, a fast food stall. This is an activity that he alternates with his work in construction.

He initially started out selling products like hot dogs, hamburgers, and French fries, among others, from a street corner. As every day he had more customers, he decided to rent a small shop where his customers would be more comfortable. In this way, he has been able to obtain enough resources to get his family ahead.

Gildardo is an enterprising, vigorous, and very hardworking man. His business opens from Wednesday to Sunday at 5 p.m., as this is when he finishes his daily work at his job.

He is requesting support from the loan in order to invest in the purchase of supplies (bread, potatoes, cold meat, soft drinks, sauces) and make improvements to his business, as it’s somewhat deteriorated. This will help him to improve his business’s image in order to attract more customers, and to have basic supplies available to fill demand and satisfy his guests’ wishes.

Gildardo hopes to be able to save some money and purchase his building in order to improve his creditworthiness and offer better general welfare, education, and quality of life to his children and his spouse.
View original language description ↓
Gildardo es un hombre de 45 años de edad, padre de 3 hijos y convive en unión libre con su pareja. Toda su vida productiva la dedicó a trabajar como oficial de construcción, pero en vista de que es una actividad muy inestable e incierta, decidió buscar otras opciones para recibir más ingresos, por lo que decidió montar su propio negocio, un puesto de venta de comidas rápidas, actividad que alterna con su empleo en construcción. Inicialmente comenzó vendiendo en una esquina, productos como perros calientes, hamburguesas, papas a la francesa, entre otros, y en vista de que cada día tenía más clientela, decidió alquilar un local, donde sus clientes pueden estar más cómodos. Es así como ha logrado obtener los recursos suficientes para sacar adelante a su familia. Gildardo es un señor emprendedor, pujante y muy trabajador. Abre su negocio de Miércoles a Domingo desde las 5:00 pm, pues a esta hora termina su jornada laboral en la obra. Solicita el apoyo del crédito para invertirlo en la compra de surtido (panes, papas, carnes frías, gaseosas, salsas) y realizar adecuaciones en el local, pues está un poco deteriorado. Esto le ayudará a mejorar la imagen de su negocio, para atraer más clientes y tener materia prima disponible para cumplir con la demanda y satisfacer los gustos de sus comensales. Gildardo sueña con poder ahorrar y comprar el local, para así tener mejor solvencia económica y brindar un mejor bienestar, educación y calidad de vida a sus hijos y su esposa.

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

  • $11,100
    Average annual income
  • 484
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,872.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Gildardo De Los Milagros to purchase supplies (bread, potatoes, cold meat, soft drinks, sauces) and to renovate his place of business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2015