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Myriam Lucelly
Myriam is someone who has always focused on providing the best for her family's well-being. Is is for this reason that she always looked for ways to share with her husband in generating income for their household, as the income that her husband earns is not sufficient to be able to cover the expenses for their two children, aged 1 year and 9 years old.

Myriam currently works growing vegetables, which she does behind her home. She sells them at a very good price, and this has helped her in contributing financially to her household. With the goal of being able to take advantage of her household's land, Myriam is hoping that a loan will provide her with the possibility of purchasing cattle to raise and sell, and in this way she will be able to earn extra income for her household.

Myriam hopes that in this way she will be able to contribute a larger financial amount to her household, and in this way she can provide her family with a better quality of life. Myriam hopes that her children will be able to have access to a quality education, and that in the future she will be able to provide them with a home, a good education, and financial stability that will allow them to progress in life.


Myriam espera que de esta manera pueda contribuir con un aporte económico mayor a su hogar, y de esta manera pueda ofrecerle a su familia una mejor calidad de vida. Además, Myriam espera que sus hijos puedan acceder a una educación de calidad y en un futuro poder ofrecerles una vivienda, una buena educación y una estabilidad económica que les permita progresar.
View original language description ↓
Myriam es una persona que siempre se ha preocupado por ofrecerle el mejor bienestar a su familia. Es por esto que siempre ha buscado la manera de colaborar a su esposo con la generación de ingresos para el hogar, pues los ingresos que genera su esposo no son suficientes para poder sostener los gastos de sus 2 hijos de 1 y 9 años de edad. Myriam actualmente trabaja en un cultivo de legumbres que tiene en la parte trasera de su casa, los cuales vende a un muy buen precio y esto le ayuda a contribuir económicamente en su hogar. Con el ánimo de aprovechar el terreno de su hogar, Myriam aspira a que un préstamo le brinde la posibilidad de acceder a la compra de ganado para criarlos y venderlos y poder generar así ingresos extras para su hogar.

Myriam espera que de esta manera pueda contribuir con un aporte económico mayor a su hogar, y de esta manera pueda ofrecerle a su familia una mejor calidad de vida. Además, Myriam espera que sus hijos puedan acceder a una educación de calidad y en un futuro poder ofrecerles una vivienda, una buena educación y una estabilidad económica que les permita progresar.

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
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Myriam Lucelly to purchase cattle to raise and sell, and so be able to generate additional income for her household.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013