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Ana Maria
Ana is a young single mother head of household; she has two children who are 7 and 10 years old. She’s an entrepreneur who has taken up the business that’s a family tradition and has made it grow quite a bit. Her mother started the business of selling pigs with just a single pig someone gave her and from there the business got going and she was able to support Ana with it. Now that Ana is responsible for it, she’s making a big effort to move it forward to generate income so that her mother can have a good quality of life and also to support her own two children providing them with a good home.

Because her orders have increased considerably, Ana decided to start building new corrals for the pigs and chicks she raises because they don’t fit any longer in the ones she normally uses but because Ana does not have much capital she needs a loan to finish building the new corrals where all the pigs and the chicks can fit. In this way she will be able to respond to customer demand and will be able to generate improved income for her home and to provide her two children with better living conditions as well as access to a better quality education.
View original language description ↓
Ana es una joven madre soltera cabeza de hogar de sus 2 hijos de 7 y 10 años de edad, y es una emprendedora que ha tomado el negocio de tradición familiar y lo ha hecho crecer en gran medida. Su madre comenzó el negocio de la venta de cerdos con un cerdo que le regalaron y desde allí comenzó el negocio con el que sacó adelante a Ana. Ahora que tiene la responsabilidad, Ana ha hecho un gran esfuerzo por sacar su negocio adelante y así generar ingresos para que su madre pueda tener una buena calidad de vida, y también para sostener sus 2 hijos brindándoles un buen hogar. Debido a que sus pedidos aumentaron considerablemente, Ana decidió comenzar a construir un nuevo corral para los cerdos y los pollos de cría, pues ya no caben en donde normalmente los criaba, pero debido a que no cuenta con mucho capital Ana busca un préstamo para terminar de construir los nuevos corrales para los cerdos y los pollos donde puedan caber todos sus animales.

Así podrá responder a los pedidos de sus clientes y tendrá la oportunidad de generar mejores ingresos para su hogar y brindarles a sus 2 hijos unas mejores condiciones de vida y el acceso a una educación de mejor calidad.

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
  • 554
    View loans »
    Colombia Loans Fundraising
  • $14,644,975
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Ana Maria to finish building corrals.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014