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Claudia
Claudia is a 36-year-old married woman; she has a two-year-old son. She currently has a pastry business thanks to training she’s gotten by taking courses. With this business she generates income to meet her household needs since her husband is currently unemployed. The money she’s requesting is to invest in another training course that she wants to take to add to her knowledge and be able to offer a wider variety of products to her customers which will lead to increased sales and increased income as a result so she can have better quality of life.
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Claudia es una mujer de 36 años de edad, es casada y tiene un hijo de 2 años. Actualmente tiene un negocio de repostería, gracias a la capacitación que ha obtenido haciendo cursos; con este negocio genera ingresos económicos para suplir las necesidades de su hogar, ya que en este momento su esposo se encuentra desempleado. El dinero que solicita es para invertir en otra capacitación que quiere realizar para complementar sus conocimientos y así poder ofrecer más variedad de productos a los clientes, lo que le permitirá aumentar sus ventas y por ende sus ingresos, para tener una mejor calidad de vida.

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.

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About Colombia

  • $6,070
    Average annual income
  • 255
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,921.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Claudia to pay for a course.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013