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Claudia Patricia
Claudia Patricia is happily married, has a 17-year-old son, and resides in the city of Sonsón. Years ago, she decided to open a store in her house, which, since then, has generated income to pay household expenses. She has applied for a loan to buy supplies (pastries, cookies, soft drinks, dairy products) to stock her store so that she can keep her business going, continue to earn income for her family, and, most of all, be able to spend more time with her family, which is her reason for living and working.
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Claudia es una mujer felizmente casada y con un hijo de 17 años, residentes en la ciudad de Sonsón, decide desde hace mucho años iniciar con una tienda en un local que tiene en su vivienda y desde entonces viene generando ingresos para colaborar con los gastos de su familia.
Ella solicita un préstamo para comprar insumos (mecato, galletería, Gaseosas, productos lácteos) y así surtir su tienda. Aclarándonos que con esto ella podrá continuar con su negocio y seguir generando ingresos para su familia, y ante todo poder disfrutar más tiempo con su familia que es la razón de vivir y trabajar de ella

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 281
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,885.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Claudia Patricia to buy supplies (pastries, cookies, soft drinks, dairy products).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014