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Juan Pablo
30-year-old Juan Pablo is an entrepreneurial, forward thinker. Some years ago he set up his own bakery which he is still running to this day. In order to expand his product portfolio, he is requesting a loan so that he can learn how to bake and decorate cakes. He hopes that this investment will lead to an increase in his sales and help grow his business.

Juan Pablo's biggest dream is to continue growing his business and to make it the number one bakery in his town.
View original language description ↓
Juan Pablo de 30 años de edad, es un hombre emprendedor y visionario. Desde hace algunos años montó su panadería la cual administra en la actualidad. Con el fin de ampliar su portafolio de productos, se encuentra solicitando un crédito que destinará para capacitarse en la elaboración de bizcochos y cubiertas. Espera que con esta inversión sus ventas aumenten y crezca su unidad productiva.
Su mayor sueño es seguir creciendo y convertirla en la número uno de su municipio.

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
  • 231
    View loans »
    Colombia Loans Fundraising
  • $13,363,950
    Funds lent in using Kiva
  • 1,847.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Juan Pablo to learn how to bake and decorate cakes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013