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Lina Marcela
Lina is a young 24-year-old farmer, that is employed as an agricultural producer in the cultivation of flowers in the region where she lives. Additionally, on her own, she is in the production and selling of milk, a trade she does in the company of her husband that generates additional income to cover the household expenses and provide sustenance to her 4-year-old daughter.
With the aim of strengthening her own business, she wants to buy two dairy cows with the goal of increasing production and having more liquid to offer in the market, achieving better income for the family. For that she is requesting her first loan.
Lina, with her spirit of perseverance and tenacity, continues working hard alternating both jobs, as her greatest goal is to have the capacity to provide her daughter a better economic well being, a good education and also aims to improve her income to enjoy a good quality of life with her husband and their daughter.
View original language description ↓
Lina es una joven campesina de 24 años de edad, que se desempeña como productora agropecuaria en un cultivo de flores de la región donde vive, adicionalmente y de manera independiente, se dedica a la producción y comercialización de leche, actividad que realiza en compañía de su esposo y que le genera ingresos adicionales para solventar los gastos del hogar y brindar sustento a su hija de 4 años.
Con el ánimo de fortalecer su negocio propio, quiere comprar dos vacas productoras de leche con el fin de aumentar la producción y tener más líquido para ofrecer en el mercado, logrando mejores ingresos para la familia; para ello solicita su primer crédito.
Lina, con su espíritu de superación y su tenacidad, sigue trabajando arduamente, alternando ambas actividades, pues su mayor propósito es tener la capacidad de brindar a su hija un mejor bienestar económico, una buena educación y además pretende mejorar los ingresos para disfrutar con su esposo y su hija de un buena 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
  • 385
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,965.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,550 helped Lina Marcela to buy dairy cows.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 19, 2013
Jan 20, 2014
Currency Exchange Loss: