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Aldivier, 38, works as an independent hauler in the city. Despite his job, he hasn't forgotten his big dream of being a great chef, for which he wants to get training in cooking and learn about standardization and international cuisine.

He's requesting a loan to finance this program because he has few resources.

He hopes to have a big restaurant in the near future and improve his family's quality of life.
View original language description ↓
Aldivier de 38 años de edad labora como independiente transportando acarreos en la ciudad. Pero a pesar de su oficio, este hombre no olvida su gran sueño de ser un gran chef, por lo cual desea capacitarse en cocina y aprender sobre estandarización y comida internacional. Debido a sus bajos recursos solicita un crédito con el que financiará el curso.
Espera en un futuro cercano tener un gran restaurante y mejorar la calidad de vida de su familia.

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
  • 1,887.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Aldivier to get training as a chef.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 24, 2013
Jun 21, 2013
Currency Exchange Loss:
Sep 22, 2013