María will use the loan to buy pigs and modify the pig styes. This will allow her to increase her production and improve the living conditions of the animals. Her sales will increase and so will the profits she can realize. María says that her aim is to improve the quality of living of her family and to strengthen her business, leaving a good estate for the day that God calls her to his side.
Desde que era pequeña aprendió todas las labores del campo, gracias a las enseñanzas de su padre y, hoy en día le ha permitido generar ingresos para su familia, pues se dedica a la cría y comercialización de cerdos y pollos, además tiene una pequeña tienda de abarrotes con la que complementa los ingresos.
El crédito que solicita será invertido en la compra de lechones y adecuación de las cocheras, esto le permitirá aumentar su producción y mejorar las condiciones de mantenimiento para los animales, logrando mejorar las ventas y el margen de utilidades que percibe.
María manifiesta que su propósito es mejorar la calidad de vida de su familia y fortalecer sus negocios para dejar un buen legado el día que Dios disponga de su vida.
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 InformationThis 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.
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