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Conrado De Jesús
Conrado is 60 years old. He works as a baker in a family business, a job that has become the only source of income for supporting his family. Currently, he is requesting a loan that he will invest in training to learn how to make pastries and frosting. The knowledge will allow him to grow his sales and to improve his family's quality of life.
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Conrado de 60 años de edad. Se desempeña como panadero en un negocio familiar, actividad que se ha convertido en su única fuente de ingresos para el sostenimiento de su hogar. En la actualidad se encuentra solicitando un crédito que invertirá en la capacitación para la elaboración de bizcochos y cubiertas. Conocimiento que le permitirá aumentar su nivel de ventas y mejorar la calidad de vida de su núcleo familiar.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Conrado De Jesús to train to make pastries and frosting.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013