Four years ago Maria started to work raising cattle and producing milk. She was motivated principally by the need to generate resources for her family that would be able to offer them a better quality of life, since the income her husband earned was not enough to support their household with four children. As she already had experience in this type of work, she used some savings to buy her first cow and from then on she started working. Now she can contribute financial resources that allow her family to have a better quality of life. Seeking to keep growing, Maria is looking for a loan to buy cattle and increase her production capacity.
Her dream is to continue with this type of work and generate resources that allow her to improve the quality of life for her home and offer a better education to her four children.
Maria comenzó hace unos 4 años a trabajar en la actividad de la crianza de ganado y producción de leche motivada principalmente por generar recursos para su familia que pudieran brindar una mejor calidad de vida, pues los ingresos que generaba su esposo estaban siendo insuficientes para el sostenimiento de sus gastos y los de sus 4 hijos. Como ya ha tenido conocimiento en la actividad, con unos ahorros compró su primera vaca y a partir de allí comenzó con la actividad, y ahora puede aportar recursos económicos que le permiten tener una mejor calidad de vida en su familia. Buscando seguir creciendo, Maria busca un préstamo para comprar ganado y aumentar su capacidad de producción.
Su sueño es continuar con esta actividad y generar recursos que le permitan mejorar la calidad de vida de su hogar y ofrecerles a sus 4 hijos una mejor educación.
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.