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Mauricio
At his 28 years of age, Mauricio is employed working for a company but, in hopes of supplementing his family's income, he has decided to start his own business, a store where he will sell snacks, sweets, beer, sodas, and wholesale and retail liquor.

Mauricio is an enterprising and dynamic young man. His idea stems from the financial crisis his family is going through, since his wife is unemployed and the salary he earns is not enough to cover their basic household expenses.

He has already leased a commercial space for his business (seen pictured). The space will be good for the type of business he has in mind, because it has a security door with bars and his schedule will be from the afternoons until early mornings. He will also be able to make the most of his wife's help in running the business.

For this reason, he is requesting a loan in order to purchase fixed assets (cooler, shelves, sound system, and other items) and wholesale stock (beer, snacks, domestic liquor, domestic and imported sweets, and other items).

This will allow him to start up his business venture, which he expects will generate good results so that he can achieve his dream of becoming completely independent and working solely on his business. He wants to build on it little by little so that it becomes well-known in the area. This will give him the chance to enjoy a better quality of life and spend more time in the company of his family.
View original language description ↓
Mauricio es un hombre emprendedor y dinámico, a sus 28 años de edad, trabaja como empleado en una empresa pero, con el ánimo de complementar los ingresos familiares tomó la iniciativa de montar su propio negocio; una charcutería y licorera en la que ofrecerá mecato, dulces, cervezas, gaseosas y licor al por mayor y al detal; la idea surgió de la crisis económica por la que está pasando su familia, ya que su esposa se encuentra desempleada y con el salario que él gana no alcanza a solventar los gastos básicos del hogar. Para su negocio ya tomó un local en arriendo que se presta para la atención de este tipo de negocio, pues tiene reja de seguridad, ya que el horario de trabajo comenzará en la tarde y hasta la madrugada; así podrá aprovechar el apoyo que le brindará su esposa para administrarlo. Esto lo lleva a solicitar el crédito con el fin de comprar activos fijos (enfriador, estanterías, minicomponente, entre otros) y surtido al por mayor (cervezas, mecato, licores nacionales, dulces nacionales e importados, entre otros), así pondrá en marcha su proyecto productivo con el que espera generar buenos resultados para cumplir el sueño de independizarse totalmente y dedicarse de lleno a su negocio; acreditarlo poco a poco y lograr reconocimiento en el sector; así tendrá la posibilidad de disfrutar una mejor calidad de vida y pasar más tiempo en compañía 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 136
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,150 helped Mauricio to open a restaurant/pub and buy a cooler, shelves, a sound system, wholesale stock, and other items.
40% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible