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Ana Del Socorro
Ana is married and her husband works in animal husbandry. From a very young age, she worked in pig raising and has experience with agricultural products. Currently, she works alone and her main desire is to increase the sale of the pigs. For this, she applied for the loan from the Corporation. With this, she will buy more pigs, manure, and the supplies necessary for raising them like vaccines, feed and vitamins. In this manner, Ana will be able to continue offering good quality animals and her sales will increase her income, improving her level and quality of life.
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Ana, es casada y su esposo se dedica a la ganadería. Desde muy joven trabaja en la cría de cerdos y tiene experiencia con productos agrícolas, actualmente trabaja sola y su anhelo principal es incrementar la venta de cerdos, por lo que solicitó el crédito a la Corporación y con este comprará más cerdos, gallinaza y los insumos necesarios para la cría de los mismos como vacunas, cuidos y vitaminas; de esta forma Ana podrá continuar ofreciendo animales de muy buena calidad y sus ventas incrementarán sus ganancias mejorando su nivel y 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 515
    View loans »
    Colombia Loans Fundraising
  • $14,939,400
    Funds lent in using Kiva
  • 2,049.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Ana Del Socorro to buy more pigs, manure, and the supplies necessary for raising them like vaccines, feed and vitamins.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Mar 22, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014