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Oscar Daniel
Oscar, 27, is currently unemployed so has been going through a difficult economic situation because he’s been unable to find employment to date because of the lack of employment opportunities. This is why he wants to start a business of his own to thus generate sufficient income to cover his basic household needs and expenses.

He wants to open an Internet café and stationery store and to do so has already rented a space. He wants to buy fixed assets (computers, display cases, tables and chairs) and to buy stock stationery supplies (notebooks, pencils, markers, etc.) and this is why he’s asking for a loan.

In this way, he intends to start his business venture and provide good service offering study alternatives for his customers. Oscar hopes that his business will be profitable and that it will last over time becoming well-known because of the excellent service he’ll provide. But he’s aware that to do so he must work with much effort and dedication. That’s the only way that he’ll have the opportunity to make progress and in future enjoy better quality of life.
View original language description ↓
Oscar, a sus 27 años de edad se encuentra desempleado por lo que ha pasado por una difícil situación económica, pues hasta el momento no ha sido posible comenzar a trabajar por falta de oportunidades laborales. Es por esta razón que desea iniciar su propio negocio y así generar los recursos económicos suficientes para solventar las necesidades y gastos básicos de su hogar. Desde montar un café internet y papelería, para lo cual ya tomó en arriendo un local y desea comprar activos fijos (computadores, vitrinas, sillas y mesas) y surtido de papelería al por mayor (cuadernos, lapiceros, marcadores, entre otros), para lo cual está solicitando el apoyo del crédito. De esta forma pretende dar inicio a su proyecto de negocio y prestar un buen servicio ofreciendo alternativas de estudio para sus clientes. Oscar espera que su negocio sea rentable y perdure en el tiempo, siendo reconocido por la excelente calidad del servicio que prestará, pero es consciente que para lograrlo debe trabajar con mucho empeño y dedicación, sólo así tendrá la oportunidad de progresar y en un futuro poder disfrutar de 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

  • $11,100
    Average annual income
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,894.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Oscar Daniel to buy fixed assets and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014