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Lilian De Jesús
54-year-old Lilian has been a housewife for 29 years and is the mother of two children. Her husband is the one who financially supports their household.

Lilian's great passion for making confectionery products has led her to train in the art of cookery. She is requesting a loan to pay for a course in cake baking and decorating. She will use the techniques she learns to make cakes which she will sell to people in her community. This will allow her to help her husband in providing for the family.
View original language description ↓
Lilian de 54 años de edad es ama de casa desde hace 29 años y madre de dos hijos. Su esposo es quien sostiene económicamente el hogar.
Su gran pasión por la repostería la ha llevado a capacitarse en el arte de la cocina, por lo cual se encuentra solicitando un crédito con el que pagará el curso de bizcochos y cubiertas, Técnica que aprovechará para realizar las tortas que comercializa entre las personas de su comunidad y ayudarle a su esposo con la carga del hogar.

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
  • 263
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,847.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Lilian De Jesús to pay for a course in cake baking and decorating.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013