Arcenia has been raising and selling pigs for the past two years, a trade that she learned from her relatives from an early age. She started her business by buying a few pigs and used some savings that she had to fatten them and sacrifice them so that they could be sold by the kilo. As she made a good profit, she decided to buy more pigs to fatten and started working daily in this area. In this way, she has been able to generate income to take home to her family, which is made up of her husband and their two children. Her drive, commitment and dedication have led her to look for ways to get ahead, and that is why she is requesting a loan which she will use to buy more pigs and concentrate for fattening. This will help to increase production and satisfy the demand for this type of meat, which goes up during the month of December, This will mean that she increases her family's income and will have the opportunity to grow her business and perhaps even fulfil her dream of finding bigger premises so that she can have more animals, All of this would mean that Arcenia could strengthen and improve her business in order to improve the quality of life and well-being of her loved ones.
Arcenia, hace dos años se dedica a críar y comercializar cerdos, actividad que aprendió con su familia desde que era muy joven. Su negocio inició cuando compró unos marranos con algunos ahorros que tenía, los engordó y luego los sacrificó para venderlos por kilos, viendo que esto le generaba buenas ganancias, cada vez compraba más cerdos para engorde y empezó a trabajar diariamente en esta actividad, de esta manera ha logrado generar ingresos para aportar a la economía de su familia, que está conformada por su esposo y sus dos hijos. Su empuje, esmero y dedicación la impulsan a buscar alternativas que le permitan seguir avanzando, por ello solicita el apoyo del crédito con el que desea comprar más cerdos y el concentrado para el engorde de los animales; lo que le permitirá aumentar su producción y satisfacer la demanda de este tipo de carne que se incrementa con la llegada de la temporada decembrina; mejorando así la entrada de recursos económicos para su familia. Esto le abrirá la posibilidad de seguir creciendo con su labor, adicionalmente podrá llegar a cumplir el sueño de adecuar un espacio más amplio en el que pueda tener mayor número de animales, lo que para Arcenia significa fortalecer y acreditar su actividad, y con la que podrá mejorar las condiciones de vida y el bienestar de las personas que ama.
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.
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.