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Maria Yamile Del Carmen
Farm work is one of the most difficult tasks to perform today, due to the great effort which must be made in order to progress. But Maria, a woman who has never given up despite the weather or difficult circumstances, is always ready to get the resources needed for her family.

She gets up early in the morning to look after her business of selling milk obtained from her own cows. She has been gradually building up the number of animals which she has.

She wants to increase her working capital to ensure the sustainability of her business. This is why she is asking for a loan in order to buy a new cow that allows her to increase production and improve her income.

This loan will give her the opportunity to grow as a business owner and as a person.
View original language description ↓
El trabajo del campo es una de las labores más difíciles de realizar hoy en día por el gran esfuerzo que se debe hacer para progresar, pero Maria, una mujer que nunca se ha rendido a pesar del clima o las circunstancias que puedan pasar, siempre está dispuesta a conseguir los recursos necesarios para su familia.

Se levanta desde primera hora de la mañana para atender su negocio de venta de leche que obtiene de sus propias vacas. Estos animales los ha ido consiguiendo poco a poco.

Ella desea aumentar su capital de trabajo para garantizar el sostenimiento de su negocio y es esta la razón que la lleva a solicitar un préstamo para invertirlo en la compra de una nueva vaca que le permita aumentar su producción y mejorar sus ingresos.

Este préstamo le dará la oportunidad de crecer como empresaria y como persona.

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.


About Colombia

  • $11,100
    Average annual income
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,844.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,375 helped Maria Yamile Del Carmen to buy a milk cow.
54% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 27, 2014
Jul 30, 2014
Currency Exchange Loss: