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Dina Luz
Dina is a hard-working woman who from her cheese sales has managed to have economic independence from her husband and now doesn't depend so much on the resources that he generates in the home, on the contrary she helps him giving capital for the debts and there is money left for her own expenses and to improve her business. For this, Dina always looks for alternatives and ways to make her business more productive and beneficial for her, looking in the future to be able to employ people and help the many families with limited resources in her area. In her cheese production, she has encountered inconveniences in the production in that she has to to it in an empirical way, which slows the process down a lot. So, she wants to ask for a loan to purchase tools for her work to cut the production time which will, in turn, make her business more productive.
View original language description ↓
Dina Es una laboriosa mujer que a partir de sus ventas de quesos ha logrado tener una independencia económica de su esposo y ya no depende tanto de los recursos que este genere en el hogar por el contrario el ayuda aportando capital para las deudas y le queda dinero para sus propios gastos y mejora del negocio por eso Dina siempre busca alternativas y maneras de hacer de su empresa más productiva y beneficiosa para ella buscando un horizonte de poder empelar personas y ayudar a tantas familias de pocos recursos de su sector, en su producción de quesos se ha encontrado con inconvenientes en la producción y es que le toca realizarlos de forma empírica lo que demora mucho sus procesos, pro ello quiere solicita un crédito para la compra de implementos de trabajo buscando recortar los periodos de producción lo que harán más productiva su empresa

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,494,325
    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 $800 helped Dina Luz to purchase implements and tools with which she can cut production times.
64% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible