Mery, 49, is a woman that has worked for more than twenty years raising farm animals in order to support herself and her family. She learned this line of work by trial and error, given the economic difficulties she was having some time ago. Mery says that chicken and eggs sales have become the family’s business, being her husband the main contributor.
Her biggest dream is to expand the production capacity, since her products are sold locally and have gained a lot of popularity in stores and small markets. This is why she is requesting a loan to buy laying hens and make some improvements to the pens. With this investment, she hopes to improve her family’s quality of life and guarantee her children’s education.
Mery de 49 años de edad, es una mujer dedicada desde hace más de 20 años al cuidado de animales como medio de sostenimiento para ella y su familia. Actividad que aprendió de manera empírica inducida por la carencia económica que afrontaron hace algún tiempo.
Mery asegura que la venta de pollos y huevos se ha convertido en el negocio familiar, pues su esposo es el principal colaborador.
Su mayor sueño es poder ampliar la capacidad de producción ya que sus productos son comercializados en su localidad y han tenido una buena acogida en las tiendas y mercados autoservicios. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de gallinas ponedoras y adecuaciones locativas a los galpones. Espera que con esta inversión pueda mejorar la calidad de vida de su familia y garantizarles a sus dos hijos 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.