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Laura is a young struggling farmer, 21 years old, and the mother of a 4 year old son. She lives accompanied by her life partner. Ever since she was young her parents have taught her everything related to farm work, and as a result she has been able to work as an employee on various dairy farms.

She is in charge of caring for and milking the cows. Some time ago she obtained her first dairy cows and since then she has been handling the success of her business independently. Everything produced is sold and so this generates the financial resources sufficient to assist her husband with the household expenses.

Currently she is asking for help with financing as she wants to buy two dairy cows which will permit her to increase her production and thus cope with the challenges she faces such as low sale prices and the high cost of agricultural supplies that she needs to care for the animals. However, she is aware that to achieve her goals, she must continue fighting with care, discipline, and dedication. Only then will she be able to achieve the dream of expanding her business and of buying a greater number of dairy cattle that will guarantee a favorable financial stability in order to be able to offer her son a better education and to enjoy a better quality of life in the company of her loved ones.
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Laura es una joven campesina y luchadora que, a sus 21 años de edad ya es madre de un hijo de 4 años y vive en unión libre con su compañero sentimental. Desde que era pequeña sus padres le enseñaron todo lo relacionado con las tareas del campo y, gracias a ello ha podido trabajar como empleada en diferentes fincas lecheras, encargándose del cuidado y ordeño de las vacas. Hace algún tiempo obtuvo sus primeras vacas productoras de leche y, desde entonces se ha encargado de sacar adelante su negocio de manera independiente, toda la producción es vendida y de esta manera genera los recursos económicos suficientes para apoyar a su esposo con el sustento del hogar. Actualmente solicita nuestro apoyo, pues con el crédito desea comprar dos vacas productoras de leche que le permitirán aumentar la producción y así hacerle frente a los desafíos que se le presentan con los bajos precios de venta y con los altos costos de los insumos agrícolas que requiere para el cuidado de los animales; sin embargo ella es consciente que para lograr sus objetivos, debe continuar luchando con esmero, disciplina y dedicación, sólo así podrá alcanzar el sueño de ampliar su negocio y adquirir mayor número de cabezas de ganado lechero que le garanticen una estabilidad económica favorable para poder brindar una mejor educación a su hijo y disfrutar mejor calidad de vida en compañía de sus seres amados.

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
  • 226
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,931.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Laura to buy two dairy cows.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Dec 3, 2013
Currency Exchange Loss:
Oct 17, 2015