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María Graciela
Graciela, 51, is married and has seven children. She has spent all her life in the country learning livestock farming from her parents. She is an energetic entrepreneur who is dedicated to her family which is the main reason she struggles day after day. She is currently requesting a loan to buy calves in order to take advantage of space she has on the family farm where she will raise them to sell at fairs.

Her husband supports her in her work since he has experience in the livestock sector. Graciela hopes to increase her income to support the household economy since her husband is the one who is in charge of everything now. She also wants to grow her livestock business to make it profitable and sustainable. This will improve her family's quality of life.
View original language description ↓
Graciela, a sus 51 años de edad es casada y madre de 7 hijos. Toda su vida la ha pasado en el campo, donde aprendió las labores agropecuarias gracias a las enseñanzas de sus padres. Ella es una mujer emprendedora, pujante y dedicada a su familia, que son su principal motivo para seguir luchando día a día. Actualmente solicita crédito para invertirlo en la compra de ganado de levante (crías de terneras) con el fin de aprovechar el espacio que tiene en la finca donde vive con su familia y criarlos allí, para luego venderlos en las ferias, para lo cual cuenta con el apoyo de su esposo que ya tiene experiencia en el sector ganadero; con esto Graciela espera recibir ingresos adicionales para apoyar el sostenimiento económico en su hogar, ya que su esposo es quien lleva la carga completa. Además pretende hacer crecer su negocio ganadero, para que sea rentable y perdurable en el tiempo y así mejorar la calidad de vida de toda su familia.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,200 helped María Graciela to buy calves.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 31, 2013
Currency Exchange Loss:
Feb 20, 2015