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Adriana María
Adriana is a 32-year-old woman, and the mother of one 4-year-old son. The majority of her time has been spent in the countryside where she makes a living primarily by growing coffee; work which has become the main source of income for supporting her family.

Right now she is asking for a loan to invest in the purchase of supplies like fungicide, fertilizer, and insecticide, with the goal of improving her crop and getting a better quality harvest. Her greatest dream is to get her child ahead in life and to guarantee better living conditions.
View original language description ↓
Adriana es una mujer de 32 años de edad, es madre de un hijo de cuatro años, y la mayor parte del tiempo ha residido en el campo en donde se dedica principalmente al cultivo de café, actividad que se ha convertido en su fuente de ingresos para el sostenimiento de su familia. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de insumos como fungicidas, abonos e insecticidas. Con el fin de mejorar su cultivo y sacar una cosecha de mejor calidad.
Su mayor sueño es sacar su hijo delante y garantizarle mejores condiciones de vida.

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

  • $6,070
    Average annual income
  • 191
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,914.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Adriana María to buy supplies (fungicide, fertilizer, and insecticide).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014