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Nadis Naudith
For a parent, one's children are the most important thing. These creatures are the epicenter that a family revolves around. For them, parents are ready to make sacrifices and superhuman efforts in order to be able to offer them a good life, which starts with a good education. Nadis hopes to be able to enroll her daughters in a good school so that they will do well in the future. For this reason, her children, Nadis and her husband created their business 15 years ago. They grow crops and sell chickens and hens. From this business, they have been able to stay financially stable. However, for Nadis, financial stability is not enough. She wants her children to have a sure future, in which they know they can enroll in a university and shape their future so they don't have to do the same hard labor in the fields.

It is for this reason that Nadis is requesting a loan to buy supplies to prepare her land. These supplies are very expensive, especially the composts and fertilizers. Nadis will also buy seeds and chickens to improve her sales and to ensure that her two beloved daughters will be able to go to college.
View original language description ↓
Para un padre lo principal son sus hijos esas criaturas que se vuelven en el epicentro de una familia y por los cuales los padres están dispuestos a realizar sacrificios y esfuerzos sobrehumanos para poder brindarles una buena vida que va desde buena educación, hasta poder acceder a una buena escuela para triunfar en un futuro y es por esta razón por sus hijos que la señora Nadis junto a su esposo crearon un negocio hace 15 años, cultivan productos y venden pollos y gallinas y con los que ha n logrado tener una buen estabilidad económica. Pero para Nadis una buena estabilidad económica no es suficiente quiere que sus hijas tengan un futuro asegurado que sepan que van a ingresar a una universidad para forjar su futuro y no tengan que ejercer las duras labores del campo y es por esto que Nadis solicita un crédito para la compra de insumos para la preparación de sus tierras, puesto que dichos insumos son muy costosos en especial los abonos y fertilizantes, comprara semillas y pollos para potenciar su ventas y asegurar en definitiva el estudio universitario de sus dos amadas hijas.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 190
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,675 helped Nadis Naudith to buy supplies to get her land ready such as composts, fertilizers and seeds since she needs to generate the resources to provide her two daughters with an education.
23% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
Possible