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Blanca Libia
Blanca, 50, is the mother of five children. One of them is underage, so she works hard in order to provide her/him [the gender is not specified] with food, a roof and good education.

Blanca has lived all her life in the countryside and is now requesting a loan to buy chickens to fatten and concentrate feed, with the intention to continue working and be able to fulfill all her responsibilities and provide for her family.
View original language description ↓
A sus 50 años, la señora Blanca es madre de cinco hijos, uno de ellos menor de edad, por el cual vela a fin de brindarle alimentación, vivienda y una buena educación.
Blanca ha vivido toda su vida en el campo y actualmente se encuentra solicitando un crédito para la compra de pollos de engorde y concentrado con el ánimo continuar con su actividad económica y cumplir con las obligaciones de su hogar y el sostenimiento de su familia.

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
  • 407
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,898.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Blanca Libia to buy chickens to fatten and concentrate feed.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 24, 2013
Currency Exchange Loss:
Apr 17, 2014