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Luz Marina
Marina, aged 26, is a woman who carries out the agricultural tasks with endeavor and dedication, as her parents have taught her. From an early age she has been selling horse mats and thanks to all the time she has spent doing this, she has gained a reputation in the village where she lives and its surroundings, giving her the opportunity to offer her products to a large number of clients, thus earning money and resources to help sustaining her family.

Marina is a very entrepreneurial person, visionary and with a strong desire for self-improvement, which she demonstrates by the hard work she carries out every day. She also wants to prepare a piece of land for cultivating plantain, cassava, and yam; but for this she needs inputs which is why she is applying for this loan. She wants to use it to buy agricultural inputs such as seeds, fertilizer, pesticides, and fungicides. This way she can complement her business, offering a larger variety of products and increasing her income. This will help her to pursue her dream which is to amplify her crop farming and give her family more well-being and economic stability so that they can improve their lives.
View original language description ↓
Marina, a sus 26 años de edad, es una mujer que con empeño y dedicación realiza las actividades agropecuarias, gracias a las enseñanzas de sus padres; desde muy joven se ha dedicado a la venta de esterillas para caballo y gracias a todo ese tiempo que lleva laborando en esta actividad, ha logrado ser reconocida en el pueblo donde vive y sus alrededores, teniendo la oportunidad de ofrecer su producto a muchos clientes y adquirir dinero y recursos para el sostenimiento de su familia. La titular es una persona muy emprendedora, tiene visión y muchas ganas de salir adelante, lo demuestra con el arduo trabajo que realiza a diario y además quiere preparar un terreno para sembrar cultivos de plátano, yuca y ñame, pero le hacen falta unos insumos, por lo cual solicita el crédito, para invertirlo en la compra de insumos agrícolas (semillas, abono, pesticidas, fungicidas), así complementará su negocio y podrá ofrecer más variedad de productos, incrementará sus ingresos y esto le permitirá cumplir el sueño de ampliar sus cultivos y brindarle a su familia un mejor bienestar y estabilidad económica para poder salir adelante.

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
  • 305
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Luz Marina to buy agricultural inputs such as seeds, fertilizer, pesticides, and fungicides.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 24, 2013
Currency Exchange Loss:
Apr 17, 2014