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Guillermo León
Guillermo lives in a popular neighborhood in the middle of the city, which has found itself affected by the wave of violence caused by confrontations between gangs. Nevertheless, he gets up in the early hours every morning and goes to work at his own business, a stand where he sells fried foods. He started this some years ago as an alternative means of earning money to meet his household expenses. At his stand, he sells cakes, coffee, fried foods such as empanadas, pastries, meat pies, and donuts, juices, sodas and more. This business earns him enough money to meet his family's daily needs.

The credit he is requesting will be used to strengthen his business and improve its image. With the money, he will buy a new warming glass case and replace the deteriorating one that he has now. He will also buy various supplies at wholesale, including vegetables, chicken, beef, sauces, coffee, soda and more. This will help him attract new customer and offer them a variety of products that will suit the tastes of the workers, which all means more sales and more income. Guillermo says that his age doesn't stop him from continuing to fight to meet his goals. He takes every day with more dedication and drive so that he can achieve his dream of opening a business in its own location, improving his working conditions and earning greater profits, all with the goal of improving the well being and living conditions of his family.
View original language description ↓
Guillermo vive en un barrio popular del centro de la ciudad, que se ha visto afectado por la ola de violencia ocasionada por enfrentamientos entre bandas criminales; sin embargo, cada día desde las primeras horas de la mañana el sale a trabajar en su propio negocio, un puesto de venta de fritos que inició hace varios años como una alternativa para generar ingresos que le permitieran solventar los gastos básicos de su hogar; allí ofrece mecato, café y alimentos fritos como empanadas, pasteles, tortas de carne, buñuelos, jugos y gaseosas, entre otros; esto le genera los recursos suficientes para llevar el sustento diario a su familia.
El crédito que solicita lo toma como un apoyo para fortalecer su negocio y mejorar la imagen del mismo, pues con el dinero comprará una vitrina calentadora e insumos al por mayor (verduras, pollo, carne, salsas, café, gaseosas, entre otros), así podrá cambiar la vitrina deteriorada que tiene y atraer nuevos clientes para ofrecerles una variedad de productos para satisfacer los gustos de los comensales, logrando obtener un mayor nivel de ventas y mejores ingresos.
Guillermo manifiesta que su edad no le impide seguir luchando para lograr sus objetivos, por ello cada día trabaja con más dedicación y empeño para poder cumplir el sueño de montar su negocio en un local propio, mejorando las condiciones de trabajo y generando una mayor rentabilidad para ofrecer bienestar y mejores condiciones de vida a su familia.

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.

About Colombia

  • $6,070
    Average annual income
  • 187
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,936.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Guillermo León buy a glass warming case and food supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 15, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2014