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Maria Eva
Maria is a person who has experienced difficulties in life but she has been able to overcome them thanks to her desire to make progress. Maria is a single mother and has seven children. Three of her children are still at an age where they need her care. As Maria is responsible for covering all her household expenses, she had to set up a business which would allow her to care for her children and work at the same time. For this reason, she started raising and selling pigs. Thanks to this business activity, she makes the income she needs to support her household. Maria has a suitable place where she raises her pigs but it is very small and doesn't allow her to keep any more pigs. With the aim of expanding her shed so that she can increase her number of pigs, Maria hopes to receive a loan which will allow her to make some structural improvements.

Maria hopes that this will increase her income as she will be able to have more pigs to sell to her customers. Maria hopes that her children will be able to enjoy a better quality of life and she dreams of getting them ahead in life so that they can make progress financially.
View original language description ↓
Maria es una persona que a pesar de las adversidades que le ha presentado la vida, ha podido superarlas gracias a sus ganas de salir adelante. Maria es una madre soltera de 7 hijos de los cuales 3 aún están en edad que requieren de su cuidado. Debido a que Maria debe garantizar el sustento de los gastos de su hogar, tuvo que iniciar un negocio que le permitiera estar al cuidado de sus hijos y a la atención del negocio al mismo tiempo. Fue así como empezó la cría y venta de cerdos, y gracias a esta actividad genera los ingresos necesarios para su hogar. Maria tiene adecuado un lugar de su casa para la cría de los cerdos, sin embargo, este lugar es muy pequeño y no le permite tener una mayor cantidad de cerdos en este lugar. Con el ánimo de ampliar su cochera para poder aumentar la cantidad de cerdos para la cría, Maria espera que un préstamo le brinde la posibilidad de acceder a realizar mejoras locativas a la cochera donde tiene sus cerdos para aumentar la cantidad de cerdos que puede criar.

Maria espera que de esta manera sus ingresos aumenten, pues podrá tener más cerdos a disposición de los clientes. Maria espera que sus hijos puedan tener una mejor calidad de vida y sueña con poderlos sacar adelante para que puedan progresar económicamente.

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

  • $6,070
    Average annual income
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maria Eva to make some structural improvements to the shed where she keeps her pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2012