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Bernardo José
Bernardo, 36, has a common-law marriage with his partner. He currently works as a security guard, and has done this for several years. With the intention of improving his family's income, he decided to start his own business, since the salary he earns in his current job is not enough to cover the household expenses. This is why he is starting a chicken and cold cuts distributor, which will be located in the neighborhood where he lives. It will take advantage of not having any strong competition in the sector and the affluence of people who come through, since it is a residential area. This motivates him to apply for his first loan cycle, which will be invested in fixed assets (refrigerator and freezer) and wholesale stock (chicken, cold cuts), with which he will be able to start his entrepreneurial project. With this, he intends to improve his income in order to meet the expenses and basic needs of his household. Bernardo is a man who thrives and he is determined. He also knows that he needs to work hard to reach the objectives posed by this new business. This gives him the possibility of moving forward, fighting to achieve his dream, which is to have more branches in the city where he lives and this way improve his family's living conditions.
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Bernardo tiene 36 años de edad y vive en unión libre con su pareja. Actualmente se dedica a laborar como vigilante desde hace varios años. Con el ánimo de mejorar los ingresos familiares, él desea iniciar su propio negocio, pues con el salario que gana en su actual empleo no le alcanza para cubrir todos los gastos del hogar; es por ello que comenzará una distribuidora de pollo y carnes frías, que estará ubicado en el barrio donde reside, aprovechando la ventaja de no poseer competencia fuerte en el sector y la afluencia de gente que transita por el lugar, pues es una zona residencial. Esto lo motiva a solicitar el apoyo de su primer ciclo de crédito, el cual será invertido en la compra de activos fijos (nevera y congelador) y surtido al por mayor (pollo, carnes frías), con lo que podrá dar inicio a su proyecto emprendedor, con el que pretende mejorar sus ingresos para solventar los gastos y necesidades básicas del hogar. Bernardo es un hombre pujante y luchador, además es consciente que debe trabajar arduamente para lograr los objetivos que se propone con este nuevo negocio. Esto le da la posibilidad de seguir adelante, luchando por cumplir su principal sueño que es tener más sucursales dentro del municipio donde reside y así mejorar las condiciones de vida de su familia.

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.

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About Colombia

  • $11,100
    Average annual income
  • 467
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,948.6
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,550 helped Bernardo José to buy fixed assets (refrigerator and freezer) and wholesale stock (chicken, cold cuts).
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 16, 2013