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Katherine is 33 years old and is dedicated to her family. She is currently facing difficult times as a few months ago she was diagnosed with brain cancer which requires treatment. In spite of these difficult circumstances, Katherine still has many plans that she wants to live out and she is doing all that is possible in order to make the plans a reality. Katherine wants to start a business making and selling notebooks with Bible messages inside. For this, she is applying for a loan in order to pay for training on how to start her own business and, later, to start the business.

Katherine's biggest dream is to be able to spend more time with her family and to have the opportunity to see her children grow up.
View original language description ↓
Katherine de 33 años de edad, es una mujer entregada a su familia. En la actualidad se encuentra pasando por una difícil situación debido a que hace algunos meses le diagnosticaron cáncer de cerebro, por lo cual se encuentra en tratamiento médico. A pesar de las circunstancias esta mujer aun tiene muchos proyectos por cumplir y hace todo lo posible para materializarlos. Desea crear una empresa dedicada a la elaboración y venta de cuadernos con mensajes bíblicos, por lo cual se encuentra solicitando un crédito con el fin de capacitarse en la creación de su negocio y posteriormente materializar su deseo.
Su mayor deseo es poder compartir más tiempo con su familia y tener la oportunidad de ver crecer sus hijos.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,865.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Katherine to pay for a consultant on starting her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 7, 2013
May 27, 2013
Currency Exchange Loss:
Jul 19, 2013