Sr. Álvaro runs a restaurant on a busy highway in the municipality of Guarne, Anitoquia. Tourists and transport drivers choose his restaurant because of the very good food. He employs a woman whose income supports a family.
Sr. Álvaro wishes to offer a greater variety of food so he needs help to buy a small BBQ for chickens. Then he will attract more customers and retain his old customers. As well, he wishes to service his stove so that it is in excellent condition.
His greatest dream is to continue growing his business and employ more people thus helping them financially.
El señor Álvaro tiene un restaurante ubicado en una autopista muy concurrida en el municipio de Guarne, Antioquia.
En él atiende a turistas y transportadores que siempre lo prefieren por tener una muy buena sazón. El ofrece empleo a una señora que es cabeza de hogar.
El desea ofrecer más variedad de alimentos y es por eso que necesita ayuda para comprar un pequeño asador de pollos.
Con este elemento podrá atraer más clientes y fidelizar a los existentes, adicionalmente dese realizar mantenimiento a su cocina y tenerla en perfecto estado.
Su mayor sueño es continuar creciendo y ofrecer múltiples empleos, contribuyendo así a su economía.
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.