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Carolin Tatiana
Carolin Tatiana is a 24-year-old woman who is single and has no children. She currently manages a cafeteria, which she started after she was laid off at the company where she worked. Carolin is an energetic young woman who enjoys being independent.


With the loan she is requesting from Interactuar, Carolin will buy fixed assets (chairs, tables) and inventory (pastries, sodas, liquor) so that she can have a wider variety of products needed to generate more customer traffic and improve her earnings. Her greatest wish is to locate her business in a shop of her own and have it well-organized with a good amount of available inventory. As a result, she will able to increase her profitability and improve her quality of life.

View original language description ↓
Carolin Tatiana es una mujer de 24 años de edad, es soltera y aún no tiene hijos. Actualmente se dedica a atender su cafetería, la cual inició luego de ser liquidada en una empresa donde laboraba. Es una mujer joven y enérgica, y le gusta ser independiente. Con el crédito que solicita en la Corporación desea comprar activos fijos (sillas, mesas) y surtido (mecato, gaseosas, licor) para tener más variedad de productos que atraigan más flujo de clientes y poder mejorar sus ingresos económicos. Su mayor sueño es poder tener su negocio en un local propio, bien organizado y con buen inventario de productos disponibles para así incrementar su rentabilidad y mejorar su calidad de vida.

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

  • $11,100
    Average annual income
  • 494
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,921.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Carolin Tatiana to buy fixed assets (chairs, tables) and inventory (pastries, sodas, liquor).
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 5, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2015