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María Cristina
Maria is a young farmer who is enterprising and active. She was born into a family of farmers and miners and all her life has been spent in the country. Since she was a child, her father taught her all about agricultural work. While he was working as a day laborer, she cared for the animals at home. Thanks to this, today she makes her living breeding and raising chickens, an activity she alternates with work in the home and the care of her family which consists of her husband and 2 small children. At 25 years of age, she wishes to start another productive project in order to generate sufficient resources to support her husband with the economic burdens of the household. Therefore, she is requesting a loan to buy 10 pigs for breeding, fix up the space in the pens, and to buy food pellets to feed the animals. This will allow her to launch her idea and she will be able to keep an eye on her family while caring for the animals. Also, she sees this activity as a good source of income initially because the Christmas season approaches when it is customary that the demand for this meat will increase. On the other hand, it is a very affordable meat so during the rest of the year the families of Antioquia prefer to consume it which, for her, would be an advantage to be seized. Maria knows that to achieve her goals with this activity she should work steadily, with discipline, commitment, and love and only then will she be able to fulfill the dream of strengthening her business and give her children a good education and improve the quality of life for all her family.
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María es una joven campesina, emprendedora y activa, nació en una familia de agricultores y mineros y toda su vida la ha vivido en el campo. Desde que era muy niña su padre le enseñó todas las labores agropecuarias, mientras que él hacía trabajos de jornalero, ella cuidaba los animales en su casa. Es gracias a ello, que hoy en día se dedica a la cría y engorde de pollos, actividad que alterna con las labores de su hogar y con el cuidado de su familia conformada por su esposo y sus 2 pequeños hijos. A sus 25 años de edad, desea iniciar con otro proyecto productivo, con el fin de generar los recursos suficientes para apoyar a su esposo con la carga económica del hogar, por ello solicita el crédito para comprar 10 cerdos para cría, adecuar el espacio para los chiqueros y comprar el concentrado para alimentar los animales, esto le permitirá poner en marcha su idea, con la que podrá seguir pendiente de su familia y alternar con el cuidado de los animales, además ve en esta actividad una buena fuente de ingresos, inicialmente porque se acerca la temporada de navidad donde es costumbre que la demanda de esta carne se aumente y por otro lado, es una carne muy económica por lo que en el resto de año las familias antioqueñas prefieren consumirla, lo que para ella sería una ventaja que se debe aprovechar. María sabe que para lograr sus objetivos con esta nueva actividad, debe trabajar de manera constante, con disciplina, empeño y mucho amor, sólo así tendrá la posibilidad de cumplir el sueño de fortalecer su negocio y brindar a sus hijos una muy buena educación, además mejorará la calidad de vida de todo su núcleo familiar.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped María Cristina to buy 10 pigs for breeding, to fix up the space for pens, and buy pellets for animal feed.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014