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Raquel Yasmin
Raquel is eighteen years old and is an enterprising young woman. She knows that in life, is it necessary to fight for those dreams that seem like utopias. With few economic resources but with great ideas as to how to grow and have her own business, this young person is requesting a loan in order to pay for her training in preparing desserts and to begin with this productive activity. She is sure that confectionary is one of her greatest passions, and she bets everything on making this entrepreneurial project a reality.

She dreams of establishing herself in the market and of growing until she has made herself into a known company with branches nationwide.
View original language description ↓
Raquel de 18 años de edad, es una joven emprendedora, tiene claro que en la vida es necesario luchar por lo sueños así parezcan utopías. Con pocos recursos económicos pero con grandes ilusiones de formarse y tener su propio negocio, esta joven recurre a un crédito para capacitarse en la preparación de postres e iniciar con esta actividad productiva. Asegura que la repostería es una de sus grandes pasiones, por lo cual le apuesta todo a la materialización de su proyecto de emprendimiento.
Sueña con establecerse en el mercado e ir creciendo, hasta convertirse en una empresa reconocida con sucursales a nivel nacional.

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
  • 342
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,898.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Raquel Yasmin to pay for her training in dessert preparation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014