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 $9,910,175 $852,920,625
Amount of raised Inactive loans $0 $385,600
Number of raised Inactive loans 0 174
Amount of Paying Back Loans $2,607,400 $136,722,750
Number of Paying Back Loans 4,318 165,990
Amount of Ended Loans $7,302,775 $715,812,275
Number of Ended Loans 9,605 887,137
Delinquency Rate 1.60% 8.47%
Amount in Arrears $25,838 $7,464,269
Outstanding Portfolio $1,614,575 $88,165,956
Number of Loans Delinquent 170 23,833
Default Rate 6.87% 1.29%
Amount of Ended Loans Defaulted $501,614 $9,262,536
Amount of Ended Loans $7,302,775 $715,812,275
Number of Ended Loans Defaulted 1,217 24,043
Currency Exchange Loss Rate 4.51% 0.43%
Amount of Currency Exchange Loss $446,592 $3,656,456
Refund Rate 0.43% 0.64%
Amount of Refunded Loans $42,250 $5,429,350
Number of Refunded Loans 44 5,746

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.35% 74.81%
Average Loan Size $713 $408
Average Individual Loan Size $713 $642
Average Group Loan Size $0 $1,813
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $11,100 $5,939
Average Loan Size / GDP per capita (PPP) 6.42% 6.87%
Average Time to Fund a Loan 15.16 days 6.89 days
Average Dollars Raised Per Day Per Loan $47.01 $59.18
  Average Loan Term 17.63 months 11.03 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9,520 433,123
  Journaling Rate 95.68% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.30

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% PY 32.00% PY 27.46% PY
  Profitability (return on assets) 6.4% 5.1% -0.60%
  Average Loan Size (% of per capita income) 24.90% 23.00% 19.25%

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