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Alba Lucía
Alba Lucía is a woman with big plans for improving her family's quality of life, her motivation for working hard. She has lived mostly in the country, so she's familiar with agricultural and livestock labor, which she wants to use now to start her own business.

For this reason she's requesting a loan to invest in buying pigs and animal feed so she can become a supplier for her town and have stable economic conditions to give her children a college education.
View original language description ↓
Alba lucía es una mujer con grandes deseos de mejorar la calidad de vida de su familia, motivo que la ha impulsado a trabajar fuertemente. Ha vivido la mayor parte del tiempo en el campo por lo cual conoce las labores agrícolas y pecuarias. Conocimiento que hoy desea reflejar en la creación de su propio negocio. Para ello, se encuentra solicitando un crédito que invertirá en la compra de cerdos y concentrado, con el fin de convertirse en una proveedora para su localidad y tener una condición económica estable que le garantice el acceso a la educación superior a sus dos hijos.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 366
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Alba Lucía to buy pigs and animal feed.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014