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Olga Cecilia
Olga is a 28 year old woman from the countryside, married with two chidlren who are 10 and 11 years old. Two years ago she begain cultivating potatoes on a rented lot under a community harvest system. She learned how to grow potatoes from her family. She sells her harvests in her town's local market, and by doing so earns enough income to support her husband with their home expenses. Olga tells us that with a lot of hard work and effort she has been able to overcome many difficulties that have arisen, especially the high costs of agricultutral ingredients and diminished prices at which she can sell her goods (which have caused the family some problems). Nevertheless, these difficulties have not stopped her from continuing her work, as her main goal is to get ahead so her children can have a better life. They are her motivation.

Currently, Olga is asking for a loan to invest in the purchase of wholesale agricultural ingredients (fertilizer, pesticide, and fungicide among others), which she will use to continue to care for her crops. With a more productive field, she will be able to sell better products at a higher price, thereby increasing her margins. She will be able to provide a better education for her children, improving not only her own quality of life but the wellbeing of those that she loves.
View original language description ↓
Olga es una mujer campesina de 28 años de edad, casada y madre de dos hijos de 10 y 11 años. Desde hace 2 años se dedica a cultivar papas bajo un sistema de colonización de cultivos, actividad que realiza en un lote prestado y que aprendió por tradición familiar; la cosecha que recolecta es vendida en el mercado de la región donde reside y, de esta manera genera los ingresos suficientes para apoyar a su esposo con la carga económica del hogar. Ella manifiesta que con empeño y mucho esfuerzo ha logrado sobrepasar las dificultades que se le presentan, especialmente con los costos elevados de los insumos agrícolas que requiere y la disminución en el precio de venta del producto, lo que ha ocasionado crisis económica en el hogar; sin embargo, esto no la detiene para seguir adelante con su labor, pues su principal objetivo es poder sacar adelante a sus hijos, quienes la motivan cada día para no desfallecer. Actualmente solicita el crédito con el fin de invertirlo en la compra de insumos agrícolas al por mayor (abonos, pesticidas, fungicidas, entre otros), así podrá continuar cuidando sus cultivos y podrá tener una cosecha mucho más productiva, que le permita vender a mejor precio el producto y así aumentar el margen de utilidades, con lo que podrá seguir mejorando la economía de su familia y podrá brindar una mejor educación a sus hijos, mejorando no sólo la calidad de vida, sino el bienestar de todos los que ama.

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
  • 395
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,919.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Olga Cecilia to buy farming ingredients such as fertilizer, pesticide and fungicide.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 8, 2013
Currency Exchange Loss:
Oct 17, 2014