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Gladys Del Socorro
Gladys is a farmer born into a family of farmers and miners; a humble, hardworking family she owes everything she’s learned about field work to. Thanks to this, today she works raising cattle and pigs, an activity that makes it possible for her to support her home. She feeds the animals, inseminates the sows so they will produce offspring, cares for them during labor, vaccinates them and does all procedures needed to insure their proper care.

Her cattle serves a double purpose for she sells the males for meat and keeps the females for milk production generating income to cover all her basic household needs. She lives with her three children.

Her drive, discipline and the love she has for her work allow her to find new alternatives always to continue making progress. She’s motivated to seek her second loan to buy two sows to raise, to build two more corrals and to buy feed concentrate to feed the animals. This will give her the opportunity to grow in business because pig production will increase for the upcoming Christmas season when demand of pork increases. She will increase income earned that will help her continue making progress towards reaching her goal of having a well-organized farm with many animals that the entire family can work in giving them the opportunity to improve their quality of life.
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Gladys es una campesina, nacida en una familia de agricultores y mineros, una familia humilde y trabajadora, a la que le debe todo lo que aprendió sobre las labores del campo, pues gracias a eso, hoy en día se dedica a criar ganado bovino y porcino, actividad que le brinda el sustento para su hogar. Ella se encarga de alimentar los animales, insemina a las cerdas para que den crías, atiende los partos, los vacuna y realiza todos los procedimientos que se requieren para un buen cuidado. Su ganado bovino es de doble propósito, pues los machos los vende para carne y las hembras las mantiene para sacar producción de leche, de esta manera genera todos los ingresos para solventar las necesidades básicas de su casa, donde vive con sus 3 hijos. Su empuje, disciplina, orden y el amor que le tiene a su labor, le permiten siempre encontrar nuevas alternativas para seguir avanzando, por ello, se motiva a solicitar el segundo ciclo de crédito que destinará para comprar 2 cerdas de cría, construir 2 corrales más y comprar concentrado para alimentar los animales, esto le dará la posibilidad de crecer con su negocio, pues incrementará la producción porcina para la temporada de navidad que se aproxima, donde aumenta la demanda de esta carne, así mejorará los ingresos que recibe y con los que podrá seguir avanzando hacia el cumplimiento de su sueño que es tener una granja con muchos animales, bien organizada donde toda la familia pueda trabajar, dándoles la oportunidad de mejorar la 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.

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About Colombia

  • $6,070
    Average annual income
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Gladys Del Socorro to buy two sows, to build two more corrals and to buy animal feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013