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Alexandra Maria
Since she had her son (see photo), Alexandra began to look for alternatives to obtain income and thus offer him the best quality of life that is possible. In this way, she began to work in milk production. She bought a cow and began to forge a small dairy production job and currently has an agreement with a truck collector from the town of Rionegro. Her son is six years old and requires a lot of money. She wishes to buy a cattle lot that is being sold at a very good price. With this lot, she will be able to expand milk production and thus increase her family income. The money will be invested in the purchase of the lot of cattle. It is a great opportunity to keep advancing in life and be able to obtain the longed for house that she has dreamed of so much.
View original language description ↓
Alexandra, desde que tuvo a su hijo (Ver Foto), comenzó a buscar alternativas para obtener ingresos y así ofrecerle la mejor calidad de vida que le fuera posible, fue así como comenzó a trabajar con la producción de leche.
Compro una vaca y de esta empezó a forjarse un pequeño trabajo de producción láctea que actualmente tiene en convenio con el carro recolector del municipio de Rionegro.
Su hijo tiene 6 años y demanda muchos gastos.
Ella dese compra un lote de ganado que le están vendiendo a precio muy económico, con este lote podrá aumentar su producción de leche y por lo tanto aumentaran sus ingresos familiares.
El dinero seria invertido en la compra del lote de ganado.
Es una gran oportunidad para seguir avanzando en la vida y poder conseguir esa anhelada casa que tanto ha soñado.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,884.1
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,200 helped Alexandra Maria to buy a lot of cattle to expand her capital.
22% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2014
Listed
Jul 5, 2014
Currency Exchange Loss:
Possible