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Alejandra Del Carmen
Alejandra, 40, lives with her husband and three daughters. She was raised in the country, where she learned to farm. She now has coffee plants and raises piglets to sell in the market, along with her coffee harvest. She also has a small grocery store on her property, which has provided income to support her household.

Alejandra is enterprising and dedicated and is always looking for ways to be successful. She has applied for a loan to buy piglets to raise and to buy milk products, cookies, grains, sweets, and cleaning products for her store. She will have more animals to sell and more inventory in her store, which will increase her household income. She hopes to soon take full advantage of her farm resources by increasing her crops and buying more pigs, thereby realizing her most important dream.
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Alejandra, a sus 40 años de edad vive con su esposo y sus tres hijas. Desde que era niña ha vivido en el campo, donde aprendió las labores agropecuarias y actualmente posee cultivos de café y tiene cerdos de levante los cuales cría para luego venderlos en el mercado, junto con la cosecha del café, además alterna su actividad agrícola con la atención de una pequeña tienda de abarrotes de su propiedad; con esto ha logrado obtener ingresos suficientes para el sostenimiento de su hogar. Alejandra es una señora emprendedora, dedicada y siempre va en busca de opciones que le permitan avanzar; por esta razón solicita el crédito con el fin de invertirlo en la compra de lechones para levante (cría de cerdos recién nacidos) y comprar surtido (productos lácteos, galletería, granos, confitería, productos de aseo) para la tienda, así podrá tener más disponibilidad de animales para la venta y podrá ofrecer más variedad de productos en su tienda, lo que le permitirá mejorar los ingresos del grupo familiar y, en un futuro cercano tendrá la posibilidad de aprovechar completamente los recursos que posee en la finca, ampliando sus cultivos y comprando más cerdos, esto daría como resultado el cumplimiento del principal sueño de Alejandra.

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
  • 279
    View loans »
    Colombia Loans Fundraising
  • $13,618,075
    Funds lent in using Kiva
  • 1,887.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Alejandra Del Carmen to buy piglets to raise and to buy milk products, cookies, grains, sweets, and cleaning products for her store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014