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Angelica María
Angélica, 48, has devoted herself to taking care of her family since she got married. She says she has always been passionate about cooking, especially pastry-making.

She wants to develop this passion and work making and selling pastry in her area. This is why she's requesting a loan to invest in a pastry-making course in which she'll train and improve her technique.

She dreams of creating a business dedicated to selling pastry, puff pastry, cakes, and desserts in her area. She's aware, though, that this is a dream that she'll be able to realize in the medium term.
View original language description ↓
Angélica tiene 48 años de edad, y desde que se casó se ha dedicado a cuidar de su familia. Cuenta que siempre le ha apasionado por la cocina, especialmente la repostería. Pasión que hoy quiere desarrollar y dedicarse a la elaboración y venta de bizcochos en su sector. Para ello se encuentra solicitando un crédito que invertirá en un curso de pastelería en donde se capacitará y mejorará la técnica.
Sueña con crear una empresa dedicada a la venta de pasteles, hojaldres, tortas y postres, pero es consciente que éste es un sueño que podrá realizar a mediano plazo.

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

  • $11,100
    Average annual income
  • 483
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Angelica María to pay for training in pastry-making.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013