Check out some available loans that are similar to this one!
Carlos Mario
Sr. Carlos Mario is 44 years old and the father of a 17-year-old son. He has been selling milk for the past six years. Carlos learned this trade approximately 12 years ago while working with his brother. He works every day from 5am to 6pm.


Sr. Carlos Mario needs to buy a dariy cow so that he can increase the production capacity on his farm and be able to sell a larger quantity of milk. As a result, he will improve the well-being of his family. His dream is to grow his farm so that he can generate jobs directly in his community.

View original language description ↓
El señor Carlos Mario a sus 44 años de edad es padre de un hijo de 17 años, se dedica desde hace 6 años a la venta de leche, esta actividad la aprendió desde hace aproximadamente 12 años cuando trabajaba con su hermano. La jornada del señor Carlos Mario es de todos lo días desde las 5:00 a.m hasta las 6:00 p.m. El señor Carlos Mario necesita de la compra de una vaca lechera con la cual puede aumentar la capacidad de producción de su finca y poder vender una mayor cantidad de leche y así mejorar el bienestar de su familia. El sueño del señor Carlos Mario es ver crecer su finca y poder generar empleos directos en su comunidad.

Additional Information

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

  • $6,070
    Average annual income
  • 286
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,930.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Carlos Mario to purchase a dairy cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014