Although her whole life has been dedicated to domestic work and caring for her family, five years ago, she decided to start her own business. She has three parts to her business, which are producing livestock, producing eggs with laying hens, and producing chickens to fatten for consumption. She decided to start her business after seeing the necessity of helping with the household income and having their daily needs met. She balances all of this work with her household activities. Even though her children are now adults, the country demands a lot of time and dedication.
She is requesting this loan to purchase two calves and laying hens. This will allow her to benefit from an increase in her income and guaranty the maintenance of her work.
Her dream is to make her business into a large production unit that can offer jobs and be useful.
Ella tiene tres unidades de negocio que son la producción de ganado, producción de huevos con gallinas ponedoras y la producción de pollos de engorde para el consumo. Ella decide empezar con su negocio al ver la necesidad de aportar con los ingresos del hogar y así tener un sustento diario.
Ella alterna todas estas labores con las actividades del hogar y a pesar de que sus hijos ya son mayores de edad, el campo demanda mucho tiempo y dedicación.
Ella solicita un crédito para comprar dos terneros para el levante y gallinas ponedoras. Esto le permitirá gozar de un incremento en sus ingresos y así garantizar el mantenimiento de su actividad.
Su mayor sueño es convertir su negocio en un gran modulo productivo en cual ofrecer más empleos y generar utilidades.
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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