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Luz Fanny
Fanny is 41 years old, married, and has four children. She learned agricultural work starting when she was young, because she has always lived in the country. Thanks to this and what her parents taught her, she now works raising dairy cattle, and she uses their milk to make and sell cheeses and other dairy products. From this work she earns enough income to help her husband with household expenses. The field partner says that Fanny is tenacious, strong and active, and that neither economic necessity nor a lack of employment opportunities has stopped her from continuing to fight to get ahead.

Fanny is requesting this loan to buy more dairy cattle. Her goal is to increase her production to satisfy the demand for her products and therefore increase her income. She says this will allow her to continue helping with household expenses and to continue investing in her business buy increasing the size of her herd. Little by little she hopes to continue improving her family’s living conditions and quality of life.
View original language description ↓
Fanny, con 41 años de edad, es casada y madre de cuatro hijos. Aprendió las labores del campo desde que era joven, debido a que es allí donde ha vivido siempre. Gracias a esto y a las enseñanzas de sus padres, se dedica a criar ganado lechero, cuya producción se utiliza para elaborar y vender quesos y el líquido como tal; de esta forma obtiene los ingresos suficientes para apoyar a su esposo con los gastos del hogar. La cliente es una mujer luchadora, pujante, activa; ni la necesidad económica, ni la falta de oportunidades de empleo la detuvieron para seguir luchando y progresar.
Actualmente solicita el crédito para invertirlo en la compra de más ganado (vaca productora de leche), con el fin de aumentar su producción para poder satisfacer la demanda de los productos y así tener mejores ingresos. Esto le permitirá seguir ayudando con las obligaciones económicas del hogar y además podrá seguir invirtiendo en su negocio para obtener más vacas y, poco a poco ir mejorando las condiciones y la calidad de vida de 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
  • 227
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,911.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Luz Fanny to buy more dairy cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Aug 19, 2013
Currency Exchange Loss:
Jun 17, 2014