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Marlys Patricia
Marlys, 34 years old, is a mother of two children who are 2 and 5 years old and she lives in a common-law relationship with her partner. Due to a lack of employment opportunities and the difficult financial situation she was going through, she decided to set up her own business to generate income that would allow her to support and maintain her home. So she she started to sell meat four years ago. For this she works from 6:00 a.m. to 7:00 p.m. every day of the week.

The client is a vigorous, active, and enterprising woman who is dedicated to her work and her family. She was encouraged to ask for a loan in order to invest in the purchase of an assortment of wholesale meat (pork and beef) in order to have enough available and to satisfy the demand for the product. This way she will be able to increase her sales and family income. Marlys dreams of strengthening her business, to improve the image of it in order to attract more customers, and to have the ability to offer her children a good education and better living conditions.
View original language description ↓
Marlys, con 34 años de edad es madre de dos hijos de 5 y 2 años y vive en unión libre con su pareja. Por falta de oportunidades de empleo y debido a la difícil situación económica por la que atravesaba, ella decidió montar su propio negocio para generar ingresos que le permitieran aportar con el sustento del hogar, por lo que inició, hace ya 4 años, una venta de carnes, en la cual trabaja desde las 6:00 am hasta las 7:00 pm todos los días de la semana. La cliente es una mujer pujante, activa y emprendedora, dedicada a su labor y su familia. Se motiva a solicitar el crédito con el fin de invertirlo en la compra de surtido de carne al por mayor (carne de cerdo y res) para tener disponibilidad suficiente y satisfacer la demanda del producto, de esta manera podrá aumentar sus ventas y los ingresos familiares. Marlys sueña con fortalecer su negocio, mejorar la imagen para atraer más clientes y tener la capacidad de brindar a sus hijos una buena educación y 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

  • $11,100
    Average annual income
  • 420
    View loans »
    Colombia Loans Fundraising
  • $16,316,100
    Funds lent in using Kiva
  • 1,913.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Marlys Patricia to buy an assortment of wholesale meat (pork and beef).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jul 27, 2013
Aug 31, 2013
Currency Exchange Loss:
Sep 25, 2014