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Elkin Dario
Elkin is 37 years old. He is married and the father of a 10 year old son. He has worked in business for more than 15 years, which has allowed him to get ahead and has taught him many life lessons. He explains that starting a business is a task that requires a lot of knowledge and the advice of marketing experts so as not to fail and suffer big losses. This has motivated him to request a loan with the goal of starting a business and improving his family's quality of life.
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Elkin de 37 años de edad, se encuentra casado y es padre de un hijo de 10 años de edad. Desde hace más de 15 años se ha dedicado al mundo de los negocios, actividad que le ha permitido salir adelante y le ha enseñado grandes lecciones en la vida. Asegura que crear un empresa es un tarea que requiere de muchos conocimientos y la asesoría de expertos en mercado con el fin de no fracasar en el intento y generar grandes pérdidas. Motivo que lo ha impulsado a solicitar un crédito con el fin de crear su propio negocio y mejorar 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
  • 415
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,865.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elkin Dario to pay for professional advice regarding starting his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 6, 2013
May 28, 2013
Currency Exchange Loss:
Aug 19, 2013