María is a 66-year-old woman, a mother, and the head of her household of four children, whom she has cared for since her separation from her husband. During the last six years of her working life she has been employed at a restaurant as a grill cook. This has given her a great deal of experience and knowledge about running that kind of business, which is why she wants to go out on her own and open her own fast-food business. She is taking advantage of an opportunity given to her by an acquaintance to take over a space to start her project. She wants to use the loan she is requesting to buy fixed assets (freezer, grill, tables, chairs, and oven) and wholesale supplies (cold meats, salsas, soft drinks, oil, potatoes), which will allow her to make her business idea a reality. She hopes to get very good results because of her ample experience with prepared foods and because she can count on the help of her two daughters. María's dream is to make her business a profitable source of income that will allow her to have the financial stability she needs to keep ensuring her children's wellbeing and to offer them a better quality of life.
María es una mujer de 66 años de edad, madre cabeza de hogar de 4 hijos, a los cuales ha sacado adelante luego de la separación con su esposo. Durante los últimos 6 años de su vida productiva se ha dedicado a trabajar en un restaurante como parrillera, por lo que ha obtenido mucha experiencia y conocimiento en el manejo de este tipo de negocio, por lo que desea independizarse y abrir su propio negocio de comidas rápidas, aprovechando que un conocido suyo le está dando la oportunidad de tomar un local para iniciar con su proyecto. El crédito que solicita lo quiere invertir en la compra de activos fijos (nevera, parrilla, mesas, sillas y horno) e insumos al por mayor (carnes frías, salsas, gaseosas, aceite, papas), con lo que podrá materializar su idea de negocio, de la cual espera obtener muy buenos resultados debido a la amplia experiencia que tiene en cuanto a comidas se refiere, además cuenta con el apoyo de dos hijas. María sueña con hacer de su negocio una fuente de ingresos rentable que le permita tener una estabilidad económica favorable para continuar velando por el bienestar de sus hijos y poder brindar una mejor calidad de vida.
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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.
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.