Flor María, 30, is a mother to two children. She has spent her whole life making a living working the land and thanks to her father she learnt about cattle, an activity which she exercises today. Every day, she gets up very early and starts her day milking the cows and then going on to sell the milk to her neighbors.
At this moment in time, she is seeking a loan which she hopes to invest in the purchase of cattle for rearing with the aim of increasing her milk production and improve her household's financial situation. Flor María dreams of giving her children, aged 2- and 9-years-old, a better future.
Flor María de 30 años de edad, es madre de dos hijos. Toda su vida se ha dedicado a las labores del campo y gracias a su padre aprendió de la ganadería. Actividad de la cual hoy vive. Diariamente se levanta muy temprano e inicia su faena ordeñando las vacas y posteriormente vende la leche entre sus vecinos.
En la actualidad se encuentra solicitando un crédito que de desea invertir en la compra de ganado de levante con el fin de aumentar su producción de leche y mejorar las condiciones económicas de su hogar.
Sueña con brindarles a sus hijos de nueve y dos años de edad un mejor futuro.
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.