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Amparo Del Socorro
For approximately 20 years Amparo has devoted herself to doing farm work. This is thanks to her father, who devoted himself to these business activities, because he taught her this work when she was very young.

Amparo is currently married and has two children. She and her husband grow vegetables, and they are milk producers. Her husband manages the crops because he has a bit more knowledge than she does in that area. Amparo takes care of the dairy cows and milks them. This way she contributes to the generation of income to support the household expenses.

Thanks to the good care that Amparo gives her cow, the cow has given her very good quality milk. That is why her customers like her product so much.

With the thought of increasing her milk production Amparo is looking for a loan to buy a cow to increase her milk production. Then she will be able to respond to the market demand. This way her monthly income will increase considerably.

Also, Amparo hopes that with greater income her two children and her husband will have a better quality of life and opportunities to progress financially.
View original language description ↓
Amparo se dedica hace aproximadamente 20 años a las labores del campo gracias a que su padre se dedicaba a estas actividades y se las enseñó cuando era muy joven. Actualmente, Amparo se encuentra casada y tiene 2 hijos, y con su esposo tienen un cultivo de verduras y una producción de leche. El cultivo lo maneja su esposo que tiene un poco más de conocimientos que ella, y el cuidado de las vacas lecheras y el ordeñarlas corren por cuenta de Amparo. De esta manera contribuye con la generación de ingresos para el sostenimiento de los gastos de su hogar. Gracias al buen cuidado que da Amparo a su vaca, esta le ha dado leche de muy buena calidad, y por esto su producto es muy apetecido por sus clientes. Con el ánimo de aumentar su producción de leche, Amparo busca que un préstamo le brinde la oportunidad de acceder a la compra de una vaca para aumentar su producción de leche y poder responder a la demanda del mercado.

De esta manera sus ingresos mensuales aumentarán considerablemente, pues tendrá la capacidad para abastecer los pedidos de sus clientes. Además, Amparo espera que con mayores ingresos sus 2 hijos y su esposo tengan la oportunidad de acceder a una mejor calidad de vida y mayores oportunidades económicas para 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

  • $11,100
    Average annual income
  • 495
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Amparo Del Socorro to buy a cow to increase her milk production and respond to the market demand.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012