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54-year-old Gladys has been selling pastries and desserts to her friends and neighbors for a few years. She's currently seeking a loan in order to get training in making cheese and desserts with syrup, so she can increase her sales. Her biggest dream is to set up her own bakery and help support her household expenses, thereby improving her family's living conditions.
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Gladys de 54 años de edad, se dedica a la venta de productos de panadería y postres a sus amigas y vecinas desde hace algunos años. Hoy se encuentra en búsqueda de un crédito con el fin de capacitarse en la elaboración de quesos y calados para aumentar sus ventas. Su mayor sueño es montar su propia panadería y contribuir en con los gastos del hogar, mejorando 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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Gladys to get training in making cheese and desserts with syrup.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 27, 2013
May 15, 2013
Currency Exchange Loss:
Dec 19, 2013