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Eugenia
Eugenia has been breeding chickens and pigs for many years. Through this business, she generates the income she needs to support her four children as she is a single mother and head of household and doesn’t receive any financial support from the children’s father. She learned this activity from her mother who is engaged in this business. Beginning at a young age, she taught her how to work at her side. Now, with her experience, she is recognized for always providing high quality products. The major challenges in her business are the financial difficulties. Looking to overcome these difficulties, Eugenia is requesting a loan to purchase feed for the chickens and pigs that she has in their corals. Her dream is to be able to increasingly improve her business, and provide her family with a better quality of life and better financial opportunities so that her four children get ahead.
View original language description ↓
Eugenia tiene una crianza de pollos y cerdos desde hace bastantes años y con esto genera los ingresos que requiere para sostener a sus 4 hijos, pues es madre soltera cabeza de hogar y no recibe ningún apoyo económico por parte del padre de sus 4 hijos. La actividad la aprendió gracias a su madre, pues ella se dedicaba a esto y se la enseñó desde joven para que trabajara a su lado, y ahora con la experiencia que tiene puede tener el reconocimiento de siempre brindar productos de muy buena calidad. La mayor dificultad que tiene en el negocio son dificultades económicas, y buscando superar estas dificultades es que Eugenia busca un préstamo para comprar el cuido para alimentar a los pollos y los cerdos que tiene en sus corrales.

Su sueño es poder mejorar su negocio cada vez más y brindarle a su familia una mejor calidad de vida y mejores oportunidades económicas para que sus 4 hijos salgan adelante.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Eugenia to purchase feed for the chickens and pigs that she has in their corals.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013