They have been growing hydrangea flowers for the past 4 years, and have tried to achieve good harvests for sale.
She is asking for a loan to buy some supplies such as seeds and fertilisers to give more life to her crop. This way, she will achieve much more radiant flowers of a better quality, which will produce a good return for her business.
Desde hace aproximadamente 4 años se han estado dedicando al cultivo de flores y hortensias y han tratado de tener unas buenas cosechas para vender.
Ella solicita un préstamo para comprar algunos insumos como semillas y fertilizantes para darle más vida a su plantación.
De este modo tendrá unas flores mucho más radiantes y con mejor calidad, obteniendo así muy buena rentabilidad de su negocio.
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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