Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Interactuar is a non-profit institution offering microfinance, practical vocational courses and business development services to rural and urban micro-entrepreneurs in low-income communities in Colombia. Since 1983, they have been working to create sustainable employment opportunities for communities affected by its armed conflict, geographic exclusion and high unemployment. 

Interactuar's services target low-income microentrepreneurs to assist them in starting a business and/or growing the efficiency and competitiveness of their existing micro-business.

Unique Lending Approach:

Interactuar´s loans are offered to low-income aspiring or existing micro-entrepreneurs who don´t have access to normal streams of financing due to lack of credit history, collateral or rural/geographic exclusion. Interactuar goes to urban areas and remote towns that otherwise would not have access to financing.

Borrowers also have access to Interactuar´s full suite of business development services and vocational courses meant to prepare clients with practical experience.  This is an especially unique suite of services as bottom of the pyramid business owners do not usually have access to these kind of consulting services.

All of these services are designed to provide small business owners with holistic support in order to help generate sustainable businesses for low-income communities in Colombia. 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2010 Oct 12, 2005
Total Loans $19,356,650 $1,388,904,475
Amount of raised Inactive loans $0 $168,075
Number of raised Inactive loans 0 71
Amount of Paying Back Loans $3,019,525 $149,011,425
Number of Paying Back Loans 5,785 195,825
Amount of Ended Loans $16,337,125 $1,239,724,975
Number of Ended Loans 27,854 1,602,792
Delinquency Rate 4.34% 12.43%
Amount in Arrears $83,379 $11,576,973
Outstanding Portfolio $1,722,946 $93,139,046
Number of Loans Delinquent 1,281 75,023
Default Rate 8.50% 1.75%
Amount of Ended Loans Defaulted $1,388,814 $21,702,685
Number of Ended Loans Defaulted 4,389 52,581
Currency Exchange Loss Rate 2.82% 0.38%
Amount of Currency Exchange Loss $545,649 $5,291,386
Refund Rate 0.23% 0.59%
Amount of Refunded Loans $45,400 $8,230,675
Number of Refunded Loans 50 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 57.09% 76.51%
Average Loan Size $576 $392
Average Individual Loan Size $576 $608
Average Group Loan Size $0 $1,757
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $11,100 $5,757
Average Loan Size / GDP per capita (PPP) 5.19% 6.81%
Average Time to Fund a Loan 13.83 days 7.14 days
Average Dollars Raised Per Day Per Loan $41.64 $54.94
  Average Loan Term 16.54 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 19,234 846,808
  Journaling Rate 62.13% 43.40%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% PY 32.00% PY 26.14% PY
  Profitability (return on assets) 2.66% 5.1% -2.30%
  Average Loan Size (% of per capita income) 24.90% 23.00% 12.52%

Country Fast Facts

Field Partner Staff

Fredy Santiago Betancur Marín
Lina María Giraldo Mira
Santiago Jaramillo Santamaría
Juan Carlos Palacio Velasquez
Andrés Felipe Ramírez Moncada
API Repayment Reporting
David Rua Jaramillo
Andrés Serna Álvarez