She wants to start a fast food business and take advantage of the open space in her home. This motivates her to apply for a loan to buy a food cart, a deep-fryer, an industrial stove, a refrigerator and wholesale provisions such as breads, cold meats, condiments and sodas. This way she can launch her business idea. She hopes to generate a good income because she has the advantage of being located near the main zone of the city which is a sector with lots of movement.
Tania has a spirit of excellence and a vision for her business. She dreams of having her own establishment where she could have her restaurant and sell typical dishes such as fast food. This will improve the profitability of her business and afford her family a better quality of life.
Tania con su espíritu de superación y su visión de negocio, sueña con tener un local propio en el que pueda tener su restaurante y vender tanto comidas típicas como comidas rápidas, así mejorar la rentabilidad del negocio y brindar una mejor calidad de vida a su grupo familiar.
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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.
Important InformationThis 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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