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Ángel
Ángel, 60, is a farmer who has lived for over 20 years in the municipality of Caucasia, Antioquía. She raises and sell chickens for a living. Several months ago she decided also to sell soft drinks and pastries for extra income to improve her lifestyle.

Her greatest goal is to expand her business, so she is requesting a loan to buy more chickens and animal feed, as well as other goods to sell.
View original language description ↓
Ángel de 60 años de edad, es una campesina, radicada desde hace más de 20 años en el municipio de Caucasia, Antioquia. Se dedica a la cría y engorde pollos como actividad comercial. Desde hace unos meses decidió vender en su casa refrescos y mecatos para complementar sus ingresos y mejorar su calidad de vida.
Su mayor sueño es ver crecer su negocio, por lo cual se encuentra solicitando un crédito para la compra de un mayor número de pollos, concentrado y surtido para sus ventas.

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
  • 513
    View loans »
    Colombia Loans Fundraising
  • $14,940,300
    Funds lent in using Kiva
  • 1,830.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Ángel to buy chickens, animal feed and other goods.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
May 4, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014