Omar is a vibrant and hardworking man. He is 35 years old and lives with his wife and their two children, ages 5 and 12. He strives tirelessly to provide his children sustenance and an education.
Omar got involved in the food industry more than 17 years ago. He worked as an employee at various restaurants. While gaining experience, he acquired all the necessary knowledge before deciding to become independent. Five years ago, he started his own restaurant and now works there Monday through Saturday from 7:00 A.M. to 7:00 P.M. He has the assistance of four employees who report directly to him.
The loan he is requsting will be used to buy inventory in bulk (vegetables, meats, sauces, sodas, and disposable goods). By maintaining adequate stock, he will be able to satisfy current demand and provide better service to his patrons. As a result, he will be able to achieve an increase in his sales and his income.
Omar says that his greatest wish is to keep progressing as an independent merchant. He hopes to establish his business and make it grow so that he can have guaranteed financial stability. This would allow him to enjoy a better quality of life with his family and to provide a better education for his two children.
Omar es un hombre trabajador y pujante, a sus 35 años de edad, vive con su esposa y sus dos hijos de 5 y 12 años, por quienes lucha incansablemente para brindarles sustento y educación.
Desde hace más de 17 años se involucró en el campo de las comidas, trabajando como empleado en diferentes restaurantes, allí obtuvo la experiencia y todo el conocimiento necesario para tomar la decisión de independizarse, es por ello que desde hace 5 años inició su propio restaurante en el que trabaja de lunes a sábado de 7 am a 7 pm y, cuenta con el apoyo de 4 empleados directos.
El crédito que solicita lo invertirá en la compra de surtido al por mayor (verduras, carne, salsas, gaseosas, desechables), esto le permitirá mantener el stock adecuado para satisfacer la demanda actual y brindar un mejor servicio a sus comensales, logrando obtener un incremento en las ventas y en los ingresos.
Omar manifiesta que su mayor anhelo es seguir progresando como comerciante independiente, lograr que su negocio se acredite y crezca para garantizar una estabilidad económica que le permita disfrutar una mejor calidad de vida junto a su familia y brindar una mejor educación a sus dos hijos.
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.