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María Fernanda
Fernanda, age 34, is in a common-law marriage and has no children. She has spent her whole life in the country, where her father taught her to work in agriculture. She now produces and sells milk on her small plot of land which her father has lent her. Because she is an only child, her father will leave her his livestock and land when he passes away.
Fernanda is a hard-working woman who is very active and has a great desire to succeed. For this reason, she is requesting a loan. She will invest it in the purchase of a dairy cow. This will increase her production, so she will have a greater income. This will help her to improve her quality of life, and she will be able to reach her dream of expanding her business so that it lasts a long time.
View original language description ↓
Fernanda, a sus 34 años de edad vive en unión libre con su pareja y no tiene hijos. Toda su vida la ha pasado en el campo, donde su padre le enseñó las labores agropecuarias; por lo que actualmente se dedica a la producción y venta de leche, en un pequeño lote que le presta su padre y por ser hija única su padre le dejará como herencia el ganado y el terreno que tiene, el día que fallezca. Fernanda es una mujer luchadora, trabajadora, activa y con muchas ganas de salir adelante, por esa razón solicita el crédito, con el fin de invertirlo en la compra de una vaca productora de leche, de esta manera aumentará su producción y por lo tanto tendrá más ingresos por la venta del líquido. Esto le ayudará a mejorar su calidad de vida y podrá cumplir el sueño de ampliar su negocio para que sea perdurable en el tiempo.

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
  • 323
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped María Fernanda to buy a dairy cow.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 27, 2013
Jul 30, 2013
Currency Exchange Loss:
Apr 17, 2014