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Denis Patricia
Denis Patricia is a 38 year-old woman. She is single and does not have children.

She currently earns a living selling desserts. She learned this activity when she decided to train to be able to work independently to generate the income required to maintain her home.

The loan that she is requesting from Kiva will be invested in an advanced training course. This will allow her to expand her knowledge and to increase her sales to generate a higher income.

Her dream is to have a good business that provides economic stability and a better quality of life.
View original language description ↓
Denis Patricia es una mujer de 38 años de edad, es soltera y no tiene hijos. Actualmente se dedica a vender postres, actividad que aprendió cuando decidió capacitarse para poder trabajar como independiente y generar los ingresos necesarios para el sostenimiento de su hogar. El crédito que solicita con la Corporación será invertido en un curso de capacitación, que le permitirá ampliar sus conocimientos y poder aumentar la venta de sus productos para generar mayores ingresos económicos. Su principal sueño es tener un buen negocio que le permita mantener una estabilidad económica y un mejor nivel de 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.

About Colombia

  • $6,070
    Average annual income
  • 178
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,921.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

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