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Diana Patricia
Diana, 20, is a single mother of a two-year-old son. For the last two years she’s been working on a cattle ranch and alternates her job with raising and selling chickens taking advantage of the opportunity her bosses give her of using available infrastructure on the ranch where she set up the coops. In this way she’s succeeded in generating resources to cover her basic household needs for she gets no economic support from her son’s father.

She’s a humble, unassuming, very hardworking young woman who strives tirelessly to be able to move her son forward; he is her main motivation to continue advancing.

She’s currently asking for the loan to buy more chicks to fatten up and raise, to buy feed concentrate and to do some improvements to the coops which will make it possible for her to give continuity to her work and be able to guarantee monthly income because she’ll be able to produce in a spread out way.

This is how Diana hopes to continue making progress and to reach her dream of expanding her business so that it will be profitable and sustainable thus providing her son with better well-being and quality of life.
View original language description ↓
Diana tiene 20 años de edad y es madre soltera de un hijo de 2 años. Desde hace 2 años labora en una finca ganadera y, alterna su empleo con la cría y comercialización de pollos, aprovechando la oportunidad que le brindan sus jefes para utilizar una infraestructura disponible que hay en la finca, donde ella adecuó los galpones. De esta manera ha logrado generar recursos para suplir las necesidades básicas de su hogar, pues no cuenta con el apoyo económico del padre de su hijo. La cliente es una joven humilde, sencilla y muy trabajadora, ella lucha incansablemente para poder sacar adelante a su hijo, quien es su principal motivación para seguir avanzando. Actualmente solicita el crédito con el fin de invertirlo en la compra de más pollos para cría y engorde, comprar concentrados y realizar adecuaciones al galpón, lo que le permitirá darle continuidad a su labor y podrá garantizar la entrada de recursos mensuales porque tendrá la capacidad de producir de manera escalonada. Así es como Diana desea seguir avanzando y cumplir el sueño de ampliar su negocio, que sea rentable y sostenible para proporcionar a su hijo un mejor bienestar y calidad 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
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,928.1
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,575 helped Diana Patricia to by more chicks, feed and to make improvements to the coops.
84% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Covered