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Genoveva, 40, is mother of a 15-year-old daughter; she’s in a common law relationship with her spouse. She’s gained work experience working as a grill cook during the ten years she worked for a nationally-known fast-food firm. But when she became unemployed she took the initiative of using that experience to open her own fast-food business where she’ll offer pizza, hot-dogs, hamburgers, meat kebabs and soft-drinks, among others. To do so, Genoveva is asking for a loan to help her business plan take off.

The loan will be used to buy fixed assets (tables and chairs, a pizza oven) for $1.800.000, to pay rent for the locale and cover the first month’s expenses for $900.000, to buy assorted supplies (cold cuts, bread, sauces, soft-drinks, cheese) for $1.000.000, to do physical upgrades (paint) for $600.000 and to buy utensils and kitchen equipment (deep fryer, knives, spoons, colanders, pots) for $700.000 for a grand total of $5.000.000.

With this she’ll be able to start her business that will generate two direct employment opportunities and will improve her income for home support and she will be in the possibility of reaching her dream of positioning her business and providing a good education for her daughter as well as to improve the quality of life of her entire family.
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Genoveva, a sus 40 años de edad es madre de una hija de 15 años y vive en unión libre con su pareja. Ha tenido experiencia laboral como parrillera de cocina, durante los 10 años que laboró en una empresa de comidas rápidas reconocida a nivel nacional, pero luego de quedarse sin empleo, ella tomó la iniciativa de aprovechar esa experiencia y desea montar su propio negocio de comidas rápidas donde ofrecerá pizzas, perros calientes, hamburguesas, chuzos de carne, gaseosas entre otros. Para lograr esto, Genoveva solicita el crédito como apoyo para que su idea de negocio salga a flote, éste será invertido en la compra de activos fijos (silletería, horno para pizzas) por valor de $1.800.000, pago de arriendo del local y gastos del primer mes por $900.000, compra de surtido (carnes frías, panes, salsas, gaseosas, quesos) por $1.000.000, adecuación locativa (pintura) por $600.000, utensilios y enseres de cocina (freidora, cuchillos, cucharas, escurridores, ollas) por $700.000 para un total de $5.000.0000; con esto dará inicio a su propio negocio, que le permitirá generar 2 empleos directos y mejorará sus ingresos para el sostenimiento de su hogar y de esta manera tendrá la posibilidad de cumplir el sueño de posicionar su negocio y brindarle una buena educación a su hija, además de mejorar la calidad de vida de toda la familia.

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.


About Colombia

  • $11,100
    Average annual income
  • 395
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD
A loan of $2,675 helped Genoveva to buy equipment and supplies, to pay rent, to buy utensils and to buy ingredients.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 30, 2013
Currency Exchange Loss:
Aug 29, 2013