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Dorena Oleiva
Dorena has had her own fast food business for five years where she sells hotdogs, hamburgers, shish kabobs, and grilled meat among other things. She likes this business and has been able to support her family and give them a good quality of life with it.

She wants her business to grow. That is why she needs to buy chairs, tables, other utensils and supplies to provide better attention and more variety of products for her customers.
View original language description ↓
Dorena desde hace 5 años tiene su propio negocio de comidas rápidas donde ofrece perros, hamburguesas, chuzos, carne asada entre otros, ella le gusta este oficio y con el ha podido mantener a su familia y darle una buena calidad de vida.

Ella quiere que su negocio crezca y por eso necesita comprar sillas, mesas y otros utensilio e insanos para brindarle a sus clientes una mejor atención y mas variedad de productos.

Additional Information

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

  • $6,070
    Average annual income
  • 494
    View loans »
    Colombia Loans Fundraising
  • $14,628,950
    Funds lent in using Kiva
  • 1,793.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Dorena Oleiva to buy supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 20, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012