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Paola Tatiana
Paola is 22 years old and two months ago became the owner of a café that is located in the market square in the municipality where she lives. She offers products such as fruit salads, shrimp ceviche, natural juice, pastries, etc. With this business she is able to make enough money to help out with household costs. This client is a vibrant, active and entrepreneurial young woman who is always working towards achieving her goals.

She is applying for a loan so that she will be able to buy supplies in bulk (pastries, soft drinks, fruit, candy, potatoes and vegetables to create empanadas and pies) and to be able to make improvements to her workspace by purchasing a display case and ordering advertisement flyers. Her goal is to improve the image of her business, to change the perspective of the people who normally walk by and attract more customers by offering them a variety of products that would satisfy their tastes. This will all be reflected in the increase of her sales and profits, and it will allow Paola to accredit her business to achieve her dream of locating it in the market itself. She hopes to make hers a long-lasting and profitable business that will generate more income to improve her and her family's quality of life.
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Paola, a sus 22 años de edad y hace 2 meses es propietaria de una cafetería que se encuentra ubicada en la plaza de mercado del municipio donde reside. Allí ofrece productos como ensaladas de fruta, ceviche de camarones, jugos naturales, mecato, entre otros; de esta forma obtiene los recursos suficientes para aportar con la economía de su hogar. La cliente es una joven pujante, activa y emprendedora, siempre se proyecta hacia el cumplimiento de sus objetivos. Esta es la razón por la que solicita el crédito, el cual invertirá en la compra de surtido al por mayor (mecato, gaseosas, frutas, confitería, papas y verduras para elaborar empanadas y pasteles), realizar mejoras locativas, comprar una vitrina y encargar volantes para publicidad; de esta manera podrá mejorar la imagen de su negocio, cambiando la percepción de las personas que transitan por el lugar y podrá atraer más clientes, para ofrecerles variedad de productos que satisfagan sus gustos; todo esto se verá reflejado en el incremento de sus ventas y de sus ingresos. Esto le permitirá a Paola acreditar su negocio para cumplir el sueño de posicionarlo en el mercado, logrando que sea rentable y perdurable en el tiempo y, que le genere más ingresos para mejorar su calidad de vida y la de su familia.

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
  • 147
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,913.8
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,100 helped Paola Tatiana to buy supplies in bulk (pastries, soft drinks, fruit, candy, potatoes and vegetables to make empanadas and pies) and to improve the workspace by purchasing a display case and ordering advertisement flyers.
59% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Covered