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Mariley
Mariley lives in an impoverished neighborhood of Sincelejo. She lives with her parents and five children in a house built with wattle and daub. She is separated, so she has to carry the weight all by herself. She makes a living selling rice-and-pork pies, which is a traditional dish popular with locals. She has been doing this for four years. This activity has helped her to have a roof over her head, and although she lives in humble conditions, she lives in peace and with dignity.

Mariley wants to improve her business. She prepares these pies in a wood-fired oven made with stones. She is requesting a loan to buy kitchen utensils such as pots and ladles. These utensils will help her to work more comfortably, because the ones she has now are in bad condition.

Her biggest dream is to give her children a dignified home built with solid materials. She is a hardworking woman with great goals in life and a strong will to get ahead.
View original language description ↓
Mariley vive en un sector muy deprimido del municipio de Sincelejo, en su casa, construida en bareque, vive con sus padres y 5 hijos pequeños. Ya que es separada debe llevar toda la obligación del hogar ella sola. Se gana la vida preparando pasteles de arroz y cerdo, alimentos típicos de la región que a los habitantes les gusta mucho, lleva 4 años en esta actividad y es la que le ha permitido tener un techo, que aunque es pequeño y en malas condiciones, vive en paz y con dignidad.
Hoy en día desea mejorar su negocio ya que estos pasteles los prepara en un fogón hecho en piedras y a base de leña, solicita un auxilio económico para la compra de utensilio de cocina como ollas y cucharones. Estos elementos le permitirán trabajar de una forma mas cómoda ya que los utensilios que en estos momentos tiene ya están en muy mal estado.
Su mayor sueño es poder darles un techo digno a sus hijos y construir una casa con buenos materiales. Es una mujer luchadora, con grandes ilusiones y con muchas ganas de salir adelante.

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

  • $11,100
    Average annual income
  • 571
    View loans »
    Colombia Loans Fundraising
  • $14,880,975
    Funds lent in using Kiva
  • 1,878.2
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Mariley to buy kitchen utensils.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014