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María Elizabeth
Maria is 50 years old and is a very enterprising woman. She has a great desire to help her family get ahead. After suffering the abandonment of her husband, this woman decided to put on the pants herself and to struggle for the well being of her four children. She began breeding, fattening and selling chicken and pigs, an activity which she continues with today and which generates the necessary income to educate and feed her children.

In order to grow within this sector, Maria is asking for this loan to invest in animal feed, pigs and to make repairs to her garage. Her greatest wish in life is the guarantee better opportunities for her family.
View original language description ↓
María de 50 años de edad, es una mujer emprendedora y con grandes deseos de sacar adelante su familia. Después de sufrir el abandono de su pareja, esta mujer decidió ponerse los pantalones y luchar por el bienestar de sus cuatro hijos. Inició con la cría, engorde y venta de pollos y cerdos, actividad que actualmente realiza y le genera los ingresos necesarios para la educación y el alimento de sus hijos.
Con el fin de crecer dentro del sector, María se encuentra solicitando un crédito que invertirá en la compra de concentrado, cerdos y reparaciones de las cocheras.
Desea mejorar su calidad de vida y garantizarle a su familia mejores oportunidades.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,847.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped María Elizabeth to buy animal feed, pigs and to repair her garage.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2015