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Maria Custodia
Maria is married and has four children. She is trying to provide them with access to a good-quality education. Because her husband's income is not enough to sustain the household, Maria started her own business some time ago: she raises hogs. Thanks to the fact that her parents always worked in agriculture, she learned this work while working with them. Since she opened her own business, her household economy and her four children's quality of life, as well as that of her husband, have improved considerably. For this reason, she works very hard every day so that her business will get them ahead and generate more income and more opportunities for her household. Because she has some orders for hogs which she will not be able to fill with her current stock, Maria is looking for a loan which will allow her to buy hogs and the concentrate to feed them.
Her greatest dream is for her business to continue moving forward and allowing her to offer her four children access to a higher-quality education and, in the future, access to a university education.
View original language description ↓
Maria se encuentra casada y tiene 4 hijos a quienes les busca brindar el acceso a una educación de buena calidad, y debido a que los ingresos que genera su esposo no son suficientes para poder sostener los gastos de su hogar, inició desde hace un tiempo su propio negocio de cría de cerdos, pues gracias a que sus padres se dedicaron siempre a las actividades del campo, ha aprendido la actividad cuando trabajaba junto a ellos. Desde que montó su negocio las condiciones económicas de su hogar, y la calidad de vida de sus 4 hijos y su esposo han mejorado considerablemente; es por esto que todos los días se sigue esforzando para que su negocio les permita salir adelante y generar mejores ingresos para tener mejores oportunidades en su hogar. Debido a que tiene unos pedidos de cerdos que no logra satisfacer con las existencias que tiene, Maria busca un préstamo que le permita comprar cerdos y el concentrado para su alimentación.

Su mayor sueño es que este negocio siga saliendo adelante y le permita brindarles a sus 4 hijos el acceso a una educación de mejor calidad y en un futuro el acceso a una educación universitaria.

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
  • 360
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Custodia to buy hogs and concentrate for feeding them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014