Rocío has been working in agriculture her whole life with her three children and husband. Near her home she has a chicken coupe that she fattens and then sells in his town, an activity that she complements with raising pigs, because the latter is a profitable business. With the goal of developing both of these activities, Rocío is asking for a credit that she will invest in purchasing pigs and feed in order to increase her production and to improve her earnings. Her biggest desire is to be able to offer her three children a better quality of life and access to higher education.
Rocío, ha dedicado toda su vida a laborar en el campo en compañía de sus tres hijos y su esposo. Cerca de su vivienda posee un galpón de pollos de engorde, los cuales comercializa en el pueblo, actividad que alterna con la cría de cerdos, debido a que es un negocio rentable. Con el fin de seguir con el desarrollo de las dos actividad hades, Roció se encuentra solicitando un crédito que invertirá en la compra de lechones y concentrado con el fin aumentar su producción y mejorar los ingresos del hogar.
Su mayor deseo es poderles brindar a sus tres hijos mejores condiciones de vida y acceso a la educación superior.
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.