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Olga Yamile
Olga, 30, is a woman who is dedicated to her home and has great aspirations in life. The wish to become a microentrepreneur has brought her to request a loan in order to train herself in basic cooking and start selling food from her home. She currently makes a living in various trades, which is very poorly paid and very physically exhausting.

She dreams of improving her economic condition and offering her family a better quality of life.
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Olga de 30 años de edad, es una mujer dedicada a su hogar y con grandes aspiraciones en la vida, el deseo de convertirse en microempresaria la ha llevado a solicitar un crédito con el fin de capacitarse en cocina básica y comenzar con la venta de comidas desde su hogar, debido a que en la actualidad se dedica a oficios varios, actividad muy mal remunerada y de mucho agotamiento físico.

Sueña con mejorar su condición económica y brindarle a su familia una mejor calidad de vida.

Additional Information

More information about this loan

This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.

In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their businesses.

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

  • $11,100
    Average annual income
  • 239
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,839.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Olga Yamile pay for training in basic cooking.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 18, 2013
Currency Exchange Loss:
Jul 17, 2014