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Rosalba is a 69 year-old lady. She is a widow and the mother of four offspring. Currently she is a homemaker but she wants to get training because she enjoys it and she wants to start a business with her children.

She is applying for a loan to pay for a bread making course that Interactuar offers because this course gives her an idea for a business in the near future. In this way she will be able to generate an income to maintain her household.

Her greatest dream is to able to start a business, establish it and work so that it will be well known.
View original language description ↓
Rosalba es una señora de 69 años de edad, es viuda y madre de 4 hijos. Actualmente es ama de casa, pero desea capacitarse porque le gusta y además quiere montar un negocio con uno de sus hijos. El crédito que solicita es para el pago de un curso de Panificación que ofrece la Corporación, ya que ven es este curso una idea de negocio para un futuro cercano y de esta forma poder generar ingresos para el sostenimiento de su hogar. Su mayor sueño es poder montar su negocio, establecerlo y trabajar para que sea reconocido.

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
  • 323
    View loans »
    Colombia Loans Fundraising
  • $18,149,450
    Funds lent in using Kiva
  • 1,921.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Rosalba to pay for a bread making course.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 31, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 19, 2013