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Arledys Del Rosarios
Arledys is a 52-year-old woman who has devoted her life to the land where she raised her four children who are now 30, 27, 25, and 20 years of age. Thanks to her crops, she was able to support them. Now she is deeply affected by a problem regarding the formal ownership of her land. Arledys is concerned that she might lose everything she gained over time through her hard work.

She is requesting a loan in order to buy supplies, such as compost, to maintain her crops. Arledys will also pay for general irrigation. In addition, the loan will provide the capital she needs to tackle the process of legalizing the ownership of her land.

With this loan, she will be able to maintain her crops and pay to have legal documents drawn up so that she can work with greater peace-of-mind and grow old on the land where she spent her youth.
View original language description ↓
Arledys una mujer de 52 años de edad dedicada a la vida del campo donde pudo criar a 4 hijos que hoy en día tienen 30, 27, 25, 20 años de edad todos ellos gracias a sus cultivos los cuales presentan un problema que es legalizar sus tierras un tema que la tiene muy afectada y preocupada ya que puede perder lo que con tanto esfuerzo y tiempo logro.

Solicita un crédito para comprar insumos para sostenimiento de cultivos donde comprara abonos, y riegos en general y poder tener capital de trabajo para afrontar el tema de legalizar sus tierras.

Con la ayuda de este crédito podrá mantener sus cultivos y darle cara a la legalización de sus documentos, para trabajar más tranquila y envejecer en el terreno que con la juventud ha forjado.

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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,874.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Arledys Del Rosarios to buy farming supplies, pay for irrigation, and file paperwork to legalize the ownership of her land.
26% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2014
Listed
Aug 13, 2014
Currency Exchange Loss:
Possible