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Rosa Angela
Rosa is a micro-entrepreneur who has fought tirelessly to improve her quality of life. Currently, she raises and fattens chickens and pigs. She does this work with her family because family unity strengthens the business.

Now, Rosa wants to take advantage of this period of time near the end of the year. She wants to make some changes to her business and buy more pigs and chickens but she does not have the capital to do so. For this reason, she is requesting a loan to invest in the purchase of more animals and the infrastructure modifications necessary for the well-being of the pigs and chickens. December is the time of year when the demand for her products increases. She will have the capacity to market, generate more profits and proportionately increase her income.
View original language description ↓
Rosa es una microempresaria que ha luchado incansablemente para mejorar su calidad de vida, actualmente se dedica a la cría y engorde de pollos y credos, esta labor la realiza en compañía de su familia lo que ha hecho que la unión familiar se fortalezca con el negocio.

Actualmente, con la ilusión de aprovechar la temporada de fin de año Rosa quiere hacer algunas adecuaciones locativas a su negocio y comprar mas cerdos y pollos, pero no cuenta con el capital para hacerlo, por lo que solicita un crédito que invertirá en la compra de mas animales y las modificaciones de infraestructura pertinentes para el bienestar de los pollos y los cerdos, as{i en la temporada de diciembre cuando sube la demanda ella tendrá la capacidad de comercializar, generar mas utilidades e incrementar proporcionalmente sus ingresos

Additional Information

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $15,268,500
    Funds lent in using Kiva
  • 1,870.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Rosa Angela make infrastructure modifications and purchase pigs and chickens to sell.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2011
Listed
Oct 30, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013