Check out some available loans that are similar to this one!
Angie Tatiana
Tatiana is a young woman of 19 years old who is trying to find ways to make a living and generate income to pay for her studies. She is currently studying administration, which she does on top of selling footwear to her peers.

She says that, up until now, she has managed to pay her tuition with her income from this business. This has motivated her to ask for a loan to buy merchandise and increase her level of sales.

Her greatest dream is to finish her degree and have her own shoe store, to generate employment in her community.
View original language description ↓
Tatiana es una joven de 19 años de edad que busca como ganarse la vida y generar recursos para pagarse sus estudios. Actualmente se encuentra estudiando administración, actividad que alterna con la venta de calzado a sus compañeros. Asegura que hasta la fecha ha logrado pagar los semestres con el desarrollo de este oficio, razón que la ha motivado a solicitar un crédito para la compra de mercancía y aumentar su nivel de ventas.
Su mayor sueño es terminar su carrera y tener una tienda de calzado para convertirse en una fuente generadora de empleo para su comunidad.

Additional Information

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 515
    View loans »
    Colombia Loans Fundraising
  • $14,690,600
    Funds lent in using Kiva
  • 1,892.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Angie Tatiana to buy footwear.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014