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María Arcely
María, 38 years old, is a single mother of a son who is 10 years old. She is from the countryside due to the fact that her family has always lived on Higueron lane in the municipality of La Ceja, Colombia. There she learned agriculture, which is what she dedicates herself to now.

Thirteen years ago she decided to learn her trade together with her father (pictured) on a piece of family land. She planted a crop of coffee, which she sells to the Federation of Coffeegrowers of Antioquia in order to generate her own income and improve her family's financial situation.

Her greatest dream is to be able to expand her crop and create employment opportunities that will allow people to produce the best coffee in their region.

She is now requesting a loan that she will use to purchase supplies, fertilizers, and chemicals in order to improve her production.
View original language description ↓
María de 38 años, es madre soltera de un hijo de 10 años de edad. Es de origen campesino, debido a que su familia siempre ha vivido en la vereda el Higuerón, del municipio de la Ceja, Colombia. Allí aprendió el oficio de la agricultura. Actividad a la cual se dedica actualmente.
Desde hace trece años decidió emprender un proyecto productivo en conjunto con su padre (en la foto) en un lote de propiedad familiar, sembró un cultivo de café, el cual comercializa a la federación de Caficultores de Antioquia, con el fin de generar sus propios ingresos y mejorar la situación financiera de su familia.

Su mayor sueño es poder expandir el cultivo y generar fuentes de empleo que permitan producir el mejor café de su región.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de insumos, abonos y químicos, con el fin de mejorar su producción.


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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,796.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped María Arcely purchase supplies, fertilizer, and chemicals for cultivating coffee.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013