Andrés is an active, entrepreneurial young man whose spirit of self improvement has motivated him to look for alternative ways to earn a living.
At 22 years of age, he has graduated from technical school where he studied gastronomy. Eighteen months ago he started a business selling fruits and vegetables which was very well received in his neighborhood. He then started another business selling food and beer where he puts his knowledge of cooking into practice. He works with one employee from 7 a.m. to 3 p.m. Monday to Sunday, and after 3 he works at the fruit and vegetable stand.
He is asking for the loan so he can make some alterations to his restaurant. He would like to expand it to have space to accommodate more guests which will allow him to increase his income. Andres says that his greatest desire is to keep both businesses running and provide more employment opportunities. He also dreams of opening a foundation in the countryside to train people of limited resources who want to learn about gastronomy and start their own businesses. Additionally, he would like to earn enough money to buy a house for his mother and enjoy a better quality of life together with her.
Andrés es un joven activo, emprendedor y con un espíritu de superación que lo ha impulsado a buscar alternativas para ganarse la vida.
A sus 22 años de edad, ya es graduado de técnica en gastronomía y, desde hace 18 meses montó un negocio de venta de frutas y verduras, el cual tuvo muy buena acogida en el sector y, de manera adicional inició otro negocio de venta de comida y cervezas, donde pone en práctica sus conocimientos en gastronomía, allí trabaja en compañía de un empleado directo de lunes a domingo de 7 am a 3 pm y luego se dedica a atender la legumbrería.
El crédito que solicita es un apoyo para realizar unas adecuaciones al local de comidas, pues lo ampliará para tener más espacio disponible y atender a un mayor número de comensales, lo que le permitirá aumentar los ingresos.
Andrés manifiesta que su mayor anhelo es darle continuidad a ambos negocios y generar más oportunidades de empleo, además sueña con abrir una fundación para capacitar en el campo de la gastronomía a aquellas personas de bajos recursos que quieran aprender y crear empresa; además quiere tener la capacidad económica para comprarle una casa a su madre y disfrutar junto a ella una mejor calidad de vida.
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.