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Álvaro De Jesús
Álvaro, age 63, is a small businessman with over 40 years of experience in the field of baking. He worked at different businesses as a baker and pastry maker. He gained greater knowledge and experience in managing this type of business. This drove him to become independent. Fourteen years ago he set up his first branch in the municipality where he lives. However, a few months later he had a stroke because he got wet while overheated. This left him with secondary effects and difficulty getting around. Nevertheless, this did not stop him, and he kept working in order to get his five children ahead.

Throughout many years, his business has become stronger, and it has become well-known in the area. It gives very good results in sales because of the quality and good taste of the products that he offers. This drove him to set up a second branch in another neighborhood in the municipality. Starting approximately a month ago, the business has been well accepted by the inhabitants of the area.

He is currently requesting the loan in order to buy an industrial mixer, a scale, and wholesale supplies (flour, sugar, baking powder, margarine, and eggs, among others). This will allow him to continue strengthening the new branch so that it will become well-known and profitable.

Álvaro’s goal is well-positioning his second point of sales. This way he will continue struggling to fulfill his dream of having a chain of well-known bakeries in the region. This will guarantee him of financial security in order to give his family a better quality of life.
View original language description ↓
Álvaro, a sus 63 años de edad, es un microempresario con más de 40 años de experiencia en el sector panadero, trabajó en diferentes negocios desempeñándose como panadero y repostero, adquiriendo mayor conocimiento y experiencia en el manejo de este tipo de negocios, esto lo impulsó a independizarse y, desde hace 14 años montó su primera sucursal en el municipio donde reside, pero unos meses después tuvo un derrame debido a que se mojó estando acalorado, esto le dejó secuelas y dificultades para movilizarse; Sin embargo esto no lo detuvo y siguió trabajando para sacar adelante a sus 5 hijos. Durante muchos años su negocio ha cogido fuerza y ha sido reconocido en el sector, dando muy buenos resultados en ventas por la calidad y el buen sabor de los productos que ofrece, esto lo impulsó a montar su segunda sucursal en otro barrio del municipio, desde hace aproximadamente un mes y hasta el momento ha tenido muy buena aceptación por los habitantes del sector.
Actualmente solicita el crédito con el ánimo de comprar una batidora industrial, una báscula e insumos al por mayor (harina, azúcar, polvo de hornear, margarina, huevos, entre otros), esto le permitirá seguir fortaleciendo la nueva sucursal para que sea reconocida y rentable.
Álvaro tiene como meta, posicionar bien su segundo punto de venta y así seguir luchando para cumplir el sueño de tener una cadena de panaderías reconocidas en la región, que le garanticen una estabilidad económica para dar a su familia una mejor calidad de vida.

Additional Information

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

  • $6,070
    Average annual income
  • 137
    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 $1,575 helped Álvaro De Jesús to buy an industrial mixer, a scale, and wholesale supplies (flour, sugar, baking powder, margarine, and eggs, among others).
44% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible