Today she wishes to have a more consolidated and stronger business, so she is asking for help for a loan to buy some pigs to leverage her business and in addition to buy food and supplements to feed them. This loan will favorably impact her family's situation as she will be able to provide a better quality of life.
Ella se dedica al negocio de cría y venta de cerdos en un chiquero que tiene ubicado a un lado de su casa. Esta actividad la aprendió desde muy niña trabajando al lado de su padre.
Hoy en día desea tener un negocio más consolidado y con más fuerza, por eso pide una ayuda para comprar algunos cerdos para capitalizar su actividad y además desea comprar alimento y concentrados para el sostenimiento de los mismos.
Este crédito impactara favorablemente su entorno familiar ya que podrá brindarles una mejor calidad de vida.
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 InformationThis 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.
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