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Dairo Alberto
Dairo is 40 years old and has a venture of making chicken nuggets. He wants to convert this project into a business of a much larger magnitude. For this reason, he wants to obtain specialized training on how to create a business with his friend Andrés, who is also a university classmate and future partner.

Dairo dreams of positioning his business and turning it into a large enterprise so that he can provide a better quality of life for his family and guarantee a quality education for his child.
View original language description ↓
Dairo de 40 años de edad, se dedica a la elaboración de nuggest de pollo, actividad que desea convertir en un proyecto de negocio de mayor magnitud. Razón por la cual, desea recibir asesoría especializada en la creación de empresas en conjunto con su amigo Andrés quien es su compañero de universidad y su futuro socio.
Sueña con posicionar su negocio y convertirlo en una gran empresa que le proporcione una mejor calidad de vida a su familia y le garantice una educación de calidad a su hijo.

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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Dairo Alberto to pay for specialized business training.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013