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Tania Mercedes
Tania is a young, active entrepreneur who is 24 years old. For three years, she worked as a server in different fast food restaurants where she gained experience and an understanding of managing this type of business. One year ago, she completed a food handling course in order to start a production project in her godmother's company.

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.
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Tania es una joven emprendedora y activa de 24 años de edad, 3 de ellos dedicados a trabajar como empleada en diferentes restaurantes de comidas rápidas, donde adquirió experiencia y conocimiento de todo el manejo de este tipo de negocios, hace un año realizó un curso de manipulación de alimentos con el fin de iniciar con un proyecto productivo en compañía de su madrina, desea montar un negocio de comidas rápidas y aprovechar el espacio que tiene disponible en su vivienda para tal fin. Esto la motiva a solicitar el apoyo del crédito para comprar un carro de perros, una freidora, una estufa industrial, un refrigerador e insumos al por mayor (panes, carnes frías, salsas, gaseosas), de esta forma dará inicio a su idea de negocio, de la cual espera generar buenos ingresos, pues tiene la ventaja de estar ubicada cerca a la zona rosa del municipio, por lo que es un sector muy transitado.
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.

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

  • $11,100
    Average annual income
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 2,028.4
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,975 helped Tania Mercedes to buy a food cart, a deep-fryer, an industrial stove, a refrigerator, and wholesale supplies such as bread, cold meats, condiments, and sodas.
56% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
Possible