Beef Caldereta

Name: Beef Caldereta
Prep time: 15 min
Cook time: 2 h
Total time: 2 h 15 min
Cuisine: Asian
Ingredients: 1/4 cup canola oil; 2 large potatoes, peeled and cut into 2-inch cubes; 2 large carrots, peeled and cut into 2-inch cubes; 1 onion, peeled and chopped; 4 cloves garlic, peeled and minced; 2 pounds bottom round roast, cut into 2-inch cubes; 2 cups tomato sauce; 2 tablespoons tomato paste; 2 cups water; 10 Thai chili peppers, minced; 1/2 cup green olives, pitted; 1/2 cup liver spread; 1/2 cup cheddar cheese, shredded; 1 small green bell pepper, seeded, cored and cut into cubes; 1 small red bell pepper, seeded, cored and cut into cubes; salt and pepper to taste