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Diana Patricia
Diana is 42 years of age, and she wishes to receive training in the preparation of cold meats, in order to generate income and improve the quality of life in her home. At present, she lives with her mother, who must absorb the costs.

Diana dreams of creating her own business and having the economic stability to allow her to live a life far removed from her present monetary preoccupations. She thinks that with this training, she will have better opportunities in the working world.
View original language description ↓
Diana de 42 años de edad, desea capacitarse en la elaboración de carnes frías con el propósito de generar ingresos y mejorar la calidad de vida en su hogar, actualmente reside con su madre, por lo cual los gastos recaen sobre ella.
Sueña con crear su propio negocio y tener una estabilidad económica que le permita llevar una vida alejada de las preocupaciones monetarias.
Considera que con la capacitación tendrá mejores oportunidades en el mundo laboral.

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
  • 528
    View loans »
    Colombia Loans Fundraising
  • $14,691,000
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Diana Patricia acquire training in preparing cold meats.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
May 15, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013