Yeison, 19, works tending to his business, a bar located a half block from the main park of the municipality where he lives. He has been doing this work ever since he was 16 years old, when he was working for other bars in the neighborhood. He has a medium-sized business that has a capacity of 30 people. He works Monday through Saturday from 2pm until 1am, offering liquors and various cocktails. His customers can enjoy his pleasant space, listening to all genres of music. His customers are young and enterprising, active, energetic, and enthusiastic. They are always seeking opportunities to make progress. This has motivated him to seek support in the form of a loan that will allow him to make some improvements to his business premises: changing the lights and the sound equipment and stocking up with products purchased at wholesale. This will enable him to provide a better image for his business, which will attract more customers and will be reflected in greater sales.
With this loan, Yeison will be able to increase his income and continue to realize his dreams, especially his dream to grow his business, position it in the market, and generate employment opportunities. This will give him the capacity to obtain economic stability in the medium run, so that he can continue to support his household financially, and so that he and his family can enjoy a better standard of living.
Yeison, a sus 19 años de edad se dedica a atender su negocio, un café bar ubicado a media cuadra del parque principal del municipio donde reside. Conoció la actividad desde los 16 años, cuando trabajaba en otros bares del sector. Su establecimiento es de mediano tamaño y tiene una capacidad para 30 personas, trabaja de Lunes a Sábados de 2:00 pm a 1:00 am, allí ofrece licores y diferentes cócteles y, sus clientes pueden disfrutar de un agradable espacio, escuchando música de todos los géneros. El cliente es un joven emprendedor, activo, enérgico y entusiasta, siempre está buscando alternativas que le ayuden a progresar, esto lo motiva a solicitar el apoyo del crédito para realizar unas adecuaciones en el local, cambiar las luces y el equipo de sonido y comprar surtido al por mayor, esto le permitirá dar una mejor imagen al negocio, que atraerá más clientes y se verá reflejado en el incremento de sus ventas; de esta forma podrá mejorar sus ingresos y seguir avanzando hacia el cumplimiento de sus sueños, especialmente hacer crecer su negocio, posicionarlo en el mercado y generar oportunidades de empleo, esto le dará la capacidad de garantizar una estabilidad económica a mediano plazo para seguir aportando económicamente en su hogar, mejorar el nivel y disfrutar con su familia un mejor bienestar.
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.