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

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Interactuar to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Colombia has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and Interactuar may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by Interactuar. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Interactuar to support them and their borrowers through the COVID-19 crisis. Interactuar is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Interactuar, we’re grateful for your continued support through this difficult time. 

The Field 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 $20,662,900 $1,633,160,845
Amount of raised Inactive loans $0 $2,270,625
Number of raised Inactive loans 0 4,012
Amount of Paying Back Loans $1,126,525 $160,510,475
Number of Paying Back Loans 1,130 190,051
Amount of Ended Loans $19,536,375 $1,470,379,745
Number of Ended Loans 34,177 1,944,841
Delinquency Rate 3.78% 16.14%
Amount in Arrears $25,541 $16,081,753
Outstanding Portfolio $583,475 $99,647,416
Number of Loans Delinquent 229 54,841
Default Rate 8.09% 1.71%
Amount of Ended Loans Defaulted $1,580,880 $25,169,930
Number of Ended Loans Defaulted 5,223 62,990
Currency Exchange Loss Rate 2.93% 0.41%
Amount of Currency Exchange Loss $605,713 $7,245,579
Refund Rate 0.22% 0.58%
Amount of Refunded Loans $45,925 $9,499,275
Number of Refunded Loans 51 8,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 57.13% 77.46%
Average Loan Size $586 $390
Average Individual Loan Size $586 $601
Average Group Loan Size $0 $1,800
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,100 $5,664
Average Loan Size / GDP per capita (PPP) 5.28% 6.89%
Average Time to Fund a Loan 14.19 days 8.13 days
Average Dollars Raised Per Day Per Loan $41.28 $48.00
  Average Loan Term 16.55 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 50,865 987,166
  Journaling Rate 96.40% 42.01%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

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 26.62% PY
  Profitability (return on assets) 1.71% 5.1% -0.18%
  Average Loan Size (% of per capita income) 24.90% 23.00% 11.58%

Country Fast Facts

Field Partner Staff

Andrés Felipe Ramírez Moncada
API Repayment Reporting
Jonathan Alexander Toro
Manuela Velásquez Marín
Víctor Zapata Rodríguez