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Ligia Del Socorro
Ligia, 63, says that her children and grandchildren are her main motivation to get up every day and give her all to her work. She has been a farmer for 40 years.

After the death of her husband she took charge of the household, continuing with the family's milk production and sales business.

Now she thanks God for her work, because it has allowed her to provide for her 3 children and give them a good education.

At this time, Ligia is requesting a loan to modify a part of her cooling tank where she stores her milk. With this investment, she hopes to increase her income, because due to the lack of space her milk goes bad too quickly, which at times has caused her considerable losses.

Ligia's dreams are to build her business into a large company, and to generate enough income so that she can have a quality life when she is older.
View original language description ↓
Ligia de 63 años de edad, asegura que su mayor motivación para levantarse cada día y darlo todo en su trabajo son sus hijos y nietos. Desde hace 40 años se dedica a las labores agrícolas.
Después del fallecimiento de su esposo, esta mujer se hizo cargo de las obligaciones del hogar, por lo cual siguió con el negocio familiar dedicado a la producción y comercialización de leche.
Hoy agradece a Dios por su trabajo, porque gracias a este logró sacar sus tres hijos adelante, garantizándoles una buena educación.
En la actualidad se encuentra solicitando un crédito que destinara en la adecuación de una pieza para tanque de frío, en donde debe almacenar la leche. Con esta inversión espera que mejorar sus ingresos, ya que por falta del cuarto su producto de descompone demasiado rápido lo que le ocasiona cuantiosas pérdidas.
Su mayor sueño es poder hacer de su negocio una gran empresa y generar los ingresos suficientes para tener una vejez de calidad.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,813.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ligia Del Socorro to upgrade a cooling tank.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013