Update on Gloria YanethGloria is a humble country woman. She has a lot of experience doing farming work and managing animals. She now devotes herself completely to raising chickens. This business activity provides her with income to support her three children. She learned this business activity on her parents' farm when she was very little. She now does the work proudly and with satisfaction for everything she has been able to achieve so far.
She is asking for help to buy laying hens, chickens to fatten, and feed for the animals. The loan will change the perception of the business. This way she will have a little more capital in order to work and to continue fulfilling each one of her goals.
Hoy en día está dedicada en pleno a la cría y levante de pollos, actividad que le brinda ingresos para sostener a sus tres hijos. Esta actividad la aprendió desde muy pequeña en la finca de sus padres y hoy en día la ejerce con orgullo y satisfacción por todo lo que ha podido lograr hasta ahora.
Ella pide un auxilio para comprar gallinas ponedoras, pollos de engorde y alimento para alimentar a los mismos.
El préstamo le cambiara la percepción del negocio pues de este modo tendrá un poco mas de capital para trabajar y continuar cumpliendo cada una de sus metas.
Previous Loan DetailsGloria, 35, is a mother of three children who are 19, 15 and 8 years of age; she’s a head of household. She works selling merchandise like clothes and accessories but a few months ago decided to alternate this activity with raising and fattening up chicks to sell chickens and eggs aiming at impr... More from Gloria Yaneth's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid