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Sandra Patricia
Sandra has two children, ages 15 and 19. In order to generate income, which she needs in her household to support her two children, she has three dairy cows. They produce milk daily that she sells in her municipality. She learned this business activity from who parents, who also devoted themselves to this work. Thanks to this she learned to work at their side when she was very young.

Therefore, she has a lot of experience that allows her to offer her customers a very good quality product. Thanks to the growing sales in her business, the financial difficulties in her household have been improving considerably. Nevertheless, she still wishes to be able to offer her oldest child access to a university education. To do so she needs greater income.

Fortunately, she has been getting very good orders. With the intent of responding to the large orders, she is looking for a loan to buy a dairy cow. She will then have the production capacity to respond to her customers’ orders.

Her biggest dream is to manage for her children to have access to a university education, and that they get ahead. She also dreams of, in the future, being able to have her own house and enjoying a more stable home life.
View original language description ↓
Sandra tiene 2 hijos de 15 y 19 años de edad, y para generar los ingresos que requiere en su hogar para el sostenimiento de sus hijos tiene 3 vacas lecheras que le producen la leche diaria que vende en su municipio. La actividad la aprendió de sus padres que siempre se dedicaron a esta actividad y gracias a esto desde muy joven aprendió a trabajar a su lado, por esto ahora tiene una gran experiencia que le permite ofrecer a sus clientes un producto de muy buena calidad. Gracias a que las ventas de su negocio han venido creciendo, las dificultades económicas en su hogar han venido mejorando considerablemente, sin embargo aún desea poder ofrecer a su hijo mayor el acceso a una educación universitaria y para esto requiere de mayores ingresos. Afortunadamente ha venido teniendo muy buenos pedidos y con el ánimo de responder a los grandes pedidos busca un préstamo para comprar una vaca lechera y tener la capacidad de producción para responder a los pedidos de sus clientes.

Su mayor sueño es lograr que sus hijos puedan acceder a una educación universitaria y salgan adelante. También sueña con que en un futuro pueda tener su casa propia y así gozar de un hogar más estable.

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
  • 382
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,818.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Sandra Patricia to buy a dairy cow in order to have the production capacity to respond to her customers’ orders.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Aug 24, 2012
Currency Exchange Loss:
Aug 30, 2014