Ángela, age 32, is a mother of two and in a common-law marriage. She was born and raised in the country, where her parents and older siblings taught her how to work in agriculture; it is a family tradition. She currently has a henhouse where she raises and fattens chickens to later sell. This generates an income so she can support her children, but she wants to start working with livestock in order to make use of a pasture she owns. This is why, with an enterprising attitude, she is requesting a loan. She will use it to buy livestock (6 calves). In some time they will generate more income so that she can provide her family solid economic stability and give her children an excellent education. This will ensure that they become upright people with a prosperous and successful future. Her family is her motor; she fights for them every day. She works hard to move forward and meet her goals. She wants to move forward with the livestock business and make it a solid business. This will allow her to have a better quality of life and better well-being.
Ángela, a sus 32 años de edad es madre de 2 hijos y vive en unión libre con su pareja. Nació y creció en el campo, donde sus padres y hermanos mayores le enseñaron las labores agropecuarias, pues es una tradición familiar. Actualmente, tiene un galpón de pollos, donde los cría y engorda para luego venderlos y así generar ingresos para el sostenimiento de sus hijos; pero desea iniciar con la actividad ganadera, para aprovechar una parcela con pasto de su propiedad, por esa razón y con su actitud emprendedora, solicita el crédito con el fin de comprar ganado (6 terneras de levante), que a mediano plazo le generarán más ingresos y recursos para brindarle a su familia una estabilidad económica favorable y una excelente educación a sus hijos para que sean personas íntegras y tengan un futuro próspero y exitoso. Su familia es el motor que mueve a Ángela y, es por ellos que lucha día a día para avanzar hacia el cumplimiento de sus objetivos y metas, especialmente, progresar con la actividad ganadera y que sea lograr que sea perdurable en el tiempo, así tendrá una mejor calidad de vida y mejor bienestar.
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.
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.