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Luz Mary
Luz, 46, has been raising and selling pigs since she was young, an activity she learned from her parents who have worked in the fields their entire lives. Her business started with one pregnant sow and after the piglets were born Luz fed them for a time and then sold them to nearby neighbors. This was how she gradually acquired working capital and contribute to family economy. Her family consists of her three children and her spouse.

She’s a very driven woman who is dedicated to her work which has made her very well-known in the community she lives in. She’s motivated to request the loan’s support to buy more piglets to raise and feed concentrate to feed them. This will make it possible for her to continue with her work and increase production to meet the expected increased demand at the end of the year season when pork consumption rises considerably.

This will improve her profit margin on each sale and Luz will be able to continue with her work purchasing more piglets and increasing her working capital to make her business still more profitable so she can enjoy better quality of life alongside her husband.
View original language description ↓
Luz, a sus 46 años de edad, se dedica a la cría y comercialización de cerdos desde que era joven, la actividad la aprendió de su familia, quien toda la vida se dedicó a las labores del campo. Su negocio inició con una cerda que estaba embarazada y, luego de tener sus crías, ella las alimentó durante un tiempo y luego vendió los lechones a vecinos del sector, fue así como poco a poco fue adquiriendo su capital de trabajo y ha logrado aportar a la economía de su familia, conformada por sus 3 hijos y su pareja sentimental. La cliente es una mujer pujante y dedicada a su labor, características por las que ha sido reconocida en la zona donde reside. Se motiva para solicitar el apoyo del crédito con el que comprará más lechones para cría y el concentrado para alimentar los animales; esto le permitirá continuar con su labor y aumentar su producción para satisfacer la demanda creciente de la temporada de fin de año, en la que el consumo de este tipo de carne se incrementa notablemente, mejorando el margen de ganancia que recibe por cada venta. De esta forma, Luz desea continuar con su labor, aumentar su capital de trabajo adquiriendo más lechones y hacer de su actividad un negocio rentable y sostenible en el tiempo, que le permita tener la capacidad para dar a sus hijos una mejor educación y disfrutar al lado de su esposo una mejor 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

  • $11,100
    Average annual income
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Luz Mary to buy more piglets and feed for them.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014