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Carmen Alicia
Carmen is a woman of 53. She is a very solitary person. Her only companions are her chickens, which she has fed for these last few years, since her business is marketing and selling them. Her personal life has been a shambles, since her only son is already an adult who has his own obligations in his household, and she is separated from her husband. She has worked in this business all her life. Now life is smiling on her, since her sales are improving. Every day her chickens are more sought after by more customers, and for this reason she can indulge in thinking of modifications and expanding her business. She is applying for financial help to purchase chickens and expand her sheds, with which she hopes to increase her sales and give herself a better quality of life, and above all demonstrate that it doesn't matter how many blows life deals you, since you can get up as many times as you want and show life that you are the owner of what you can do and forge your path, that we are all born with the necessary tools to be great in life.
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Carmen es una mujer de 53 años de edad, es una persona muy solitaria, su única compañía son sus pollos los cuales le han dado de comer estos últimos años pues se dedica a la venta y comercialización de estos. Su vida personal ha sido un caos ya que su único hijo ya es una persona madura que tiene sus propias obligaciones con su hogar y se separó con su esposo, toda la vida ha estado dedicada a este negocio. Hoy en día la vida le sonríen puesto que sus ventas mejoran, cada día sus pollos son mas buscados por mas clientes por lo que puede darse el gusto de pensar en modificaciones y ampliar su negocio, solicita un ayuda crediticia para la compra de pollos y ampliación galpones, con lo que espera aumentar sus ventas y darse una mejor calidad de vida y ante todo demostrar de que no importar cuanto la vida te golpee ya que puedes levantarte cuantas veces quieras y demostrarle a la vida que tu eres dueño de que tú puedes forjar tu camino, que todos nacimos con la herramienta necesaria para ser grandes en la 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.

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About Colombia

  • $6,070
    Average annual income
  • 531
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,935.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Carmen Alicia to buy chickens and expand her sheds to have a greater capacity.
91% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015