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Having a cheese factory has always been the greatest dream for Señora Margarita, who at 54 years old has seen the opportunity to start her business since she found an association that trusts her and will lend her the money to start up her business idea.

She has two adult children and a happy marriage, there is a great deal of uncertainty since she has felt scared and sometimes bored of just being at home and wants to start producing.

She is asking for a loan in order to start her business, which she will use to buy a semi-industrial stove, loom, vacuum packer, moulds, rolls, adaptations and supplies to formally start her business.

For Margarita this loan is greatly important since it is the way to a sustainable way of life so that she never has to depend on anyone else and always has enough for herself.
View original language description ↓
Tener una fábrica de quesos siempre ha sido el gran anhelo de la señora Margarita quien a sus 54 años de edad ve la oportunidad de comenzar con su negocio pues encontró una entidad que confía en ella y le prestara dinero para iniciar su idea de negocio.
Madre de 2 hijos ya mayores de edad y con un feliz matrimonio pero con una gran incertidumbre pues se ha sentido apocada y en varios casos aburrida de solo estar en la casa y quiere comenzar a producir.
Solicita un crédito para iniciar su empresa el cual lo usara para comprar una estufa semi-industrial, tejedora, empacador al vacío, moldes, rollos, adecuaciones e insumos para iniciar formalmente su negocio.
Para Margarita este crédito es de gran importancia pues es la puerta de entrada a una manera de vida sostenible para nunca depender de otra persona y siempre tener sus recursos.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 371
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,846.7
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,625 helped Margarita to start her business making and selling cheeses.
53% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 26, 2014
Jul 31, 2014
Currency Exchange Loss: