Maria is a 62 year old who, being a widow, was forced in developing a source of employment which would allow her to earn some necessary income to live on. With the little chance she has of entering the work force, she decided to focus on agricultural livestock and built a coop in her house to raise laying hens, with the idea of selling eggs. This activity has allowed her to obtain the necessary resources to live and cover her basic needs.
At the moment she is requesting a loan to build a new coop due to the poor condition of her previous one, which over time and with use has deteriorated. The money she has left over will be used to buy chickens.
Her biggest dream is to be able to improve her quality of life without having to worry about her economy, enjoy a happy and quiet life by the side of the people she loves.
María de 62 años de edad, enviudó, situación que la obligó a desarrollar una fuente de empleo que le permitiera generar los ingresos necesarios para subsistir. Con pocas oportunidades de acceder al mundo laboral, decidió enfocarse en el sector agropecuario y construyó un galpón en su casa para la cría de gallinas ponedoras, con el propósito de vender huevos. Esta actividad, le ha permitido obtener los recursos para vivir y solventar sus necesidades básicas. En la actualidad se encuentra solicitando un crédito para la construcción de un nuevo galpón debido a que por el tiempo y el uso éste se encuentra en mal estado. El dinero sobrante lo invertía en la compra de gallinas.
Su mayor sueño es poder mejorar su calidad de vida sin preocuparse por el factor económico, disfrutar de una vida feliz y tranquila al lado de las personas que más ama.
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.