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Maria Deyanira
María is a person who has always been noted for being very hardworking and wanting to provide a good quality of life for her family always. Because her husband died leaving her in charge of their children, María needed to find a business that would generate income to support her home and this is how she started to raise chickens to sell; she cares for them in a coop she built in her back yard.

Thanks to the good quality of the animals, María has created a very good reputation for her business in the sector which has guaranteed good customers which means very good sales to the point that often demand for her chickens is greater than what her coop can produce. Because of this, María is looking for a loan that will make it possible for her to make improvements to the chicken coop to enlarge it and to buy more chicks for her business.

María expects that her monthly income will increase considerably this way because she’ll be able to see to all her customer orders which she previously was unable to fulfill. In addition, María hopes that with higher income her children will enjoy a better quality of life and greater opportunities for progress.
View original language description ↓
Maria es una persona que siempre se ha caracterizado por ser muy trabajadora y siempre querer ofrecer una buena calidad de vida a su familia. Debido a que su esposo murió y la ha dejado encargada del cuidado de sus hijos, Maria se ha visto en la obligación de encontrar un negocio con el cual pueda generar ingresos para el sostenimiento de su hogar, y fue así como inició su negocio de cría y venta de pollos, los cuales cuida en un galpón que construyó en la parte trasera de su casa. Gracias a la buena calidad de estos animales, Maria ha generado una muy buena reputación de su negocio en el sector, lo que le ha garantizado muy buenos clientes que se traduce en unas muy buenas ventas, hasta el punto en que a menudo la demanda por sus pollos es superior a la capacidad de producción que tiene en su galpón. Es por esto que Maria busca que un préstamo le brinde la posibilidad de acceder a realizar adecuaciones en su galpón de pollos para ampliarlo y comprar más pollos para su negocio.

Maria espera que de esta manera sus ingresos mensuales aumenten considerablemente, pues ya podrá atender a todos los pedidos de sus clientes que antes no tenía la capacidad para responder. Además, Maria espera que con mayores ingresos sus hijos puedan gozar de una mejor calidad de vida y mayores oportunidades de progreso.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $13,933,050
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Deyanira to make some improvements to her chicken coop and to buy more chicks to raise.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013