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María Nubia
Maria is a very enterprising woman who is dedicated to her family. She is a worthy example of a fighter and persevering woman. She lives with her husband in a small house located in Santa Elena (Colombia), and there is a flower farm and potatoes, and other foods that she later sells in the marketplace in the region. She works the land with her husband to earn a living. She is requesting a loan to buy seeds of different types of flowers and be able to take advantage of flower seasons such as Mother's Day and Valentine's. This allows her to sell more flowers and increase her income. Maria is one of the women who every day is filling this world with color and wonderful smells, making each moment unforgettable with her flowers.
View original language description ↓
Maria es una mujer muy emprendedora y dedicada a su familia. Ella es el digno ejemplo de una mujer luchadora y perseverante.
Vive junto a su esposo en una pequeña vivienda ubicada en Santa Elena (Colombia) y allí tiene un cultivo de flores y papa, además de otros alimentos que posteriormente venden en una chaza en la plaza de mercado de la región.
Ella trabaja la tierra en compañía de su esposo y así se ganan la vida.
Ella solicita un préstamo para comprar semillas de distintos tipos de flores y así poder sembrarlas para aprovechar las temporadas como el Día de las Madres y San Valentín.
Esto le permitirá vender una mayor cantidad de flores y obtener un aumento en sus ingresos.
Así que Maria es una de las mujeres que todos los días están llenando este mundo de color y aromas deliciosos, haciendo de cada instante un momento inolvidable con sus flores.

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

  • $6,070
    Average annual income
  • 272
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,943.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $775 helped María Nubia to buy seeds to grow flowers.
70% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible