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Nubia
Nubia, 42 years old, is the mother of three children. She works independently making fruit pulp from her home, and has the support of her husband and children.

Currently she has a big dream of expanding her business and modernizing the production process with the purpose of improving the quality of her product and increasing her profits.

She is asking for a loan so that she can train in the conservation of fruits.

Nubia is convinced that after training her sales will increase and she will begin to thrive in the local market.
View original language description ↓
Nubia, de 42 años de edad, es madre de tres hijos, labora de manera independiente realizando pulpas de frutas desde su casa, cuenta con el apoyo de su esposo y de sus hijos. En la actualidad tiene un gran sueño expandir su negocio y tecnificar los procesos de producción con el fin de mejorar la calidad de su producto y aumentar sus ingresos. Razón por la cual se encuentra solicitando un crédito con el que espera capacitarse en conserva de frutas.
Nubia está convencida que después de capacitarse sus ventas aumentarán y comenzará a crecer dentro del mercado local.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,898.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Nubia to cover the training costs of learning techniques to conserve fruits so she can modernize the production process in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014