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Adriana María
Adriana is 52 years old. She is going through a difficult time because some months ago she divorced her spouse and now she has to take care of supporting the home and raising her 16 year old son. This is why she has asked for a loan to get some help creating a business. She wants to become a micro-businesswoman but she wants to know and learn how to manage her enterprise project so she won't end up in bankruptcy and be more at ease when she makes the investment.

Her biggest dream is to get ahead and guarantee her family financial stability.
View original language description ↓
Adriana de 52 años de edad, se encuentra pasando por una situación difícil debido a que hace algunos meses se divorció de su cónyuge y ahora debe velar por el sustento de su hogar y la educación de su hijo de 16 años de edad. Razón que la ha motivado a solicitar un crédito para asesorarse en la creación de negocio, ya que quiere convertirse en microempresaria pero desea conocer y aprender sobre cómo administrar su proyecto de emprendimiento para no quedar en banca rota y estar más tranquila en el momento de realizar la inversión.
Su mayor sueño es salir adelante y garantizarle a su familia una estabilidad económica.

Additional Information

More information about this loan

This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.

In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their 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

  • $6,070
    Average annual income
  • 191
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Adriana María to do a training for starting a business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 25, 2014