Jaime has dedicated much of his life to agriculture, which has generated the necessary income to sustain his children and his wife. He learned his work thanks to his father having taught him since he was very young, and along with his brothers he has been working ever since.
Jaime, who now has his own crops, has seen how the climate is causing his crops to fail, and for that reason he must install an irrigation system quickly, along with fertilizer for the seeds, to ensure that the crop does not fail completely. Jaime therefore wants to buy fertilizer, irrigators and seeds, which will allow him to keep his crop healthy - but he does not have the capital to take on the investment. For this reason he has pinned his hopes on a loan, which will enable him to buy the fertilizer, irrigators and seeds. with these, he will be able to keep his crop in good condition.
Jaime dreams that his wife and two children might have a stable future financially, so he is saving and seeking to generate new sources of income. He also dreams that he might offer his children a stable future, a better standard of living, and the opportunity to progress and one day have well-paid jobs.
Jaime se ha dedicado gran parte de su vida a la agricultura, actividad que le ha generado los ingresos necesarios para el sostenimiento de sus hijos y su esposa.
Jaime aprendió la actividad gracias a que su padre se la enseñó desde muy pequeño, y con sus hermanos ha venido trabajando desde entonces.
Jaime, quién actualmente tiene su propio cultivo, ha visto como las condiciones climáticas le ha deteriorado sus cultivos, por lo que debe realizar pronto un riego con abonos y semillas, que eviten que su cultivo se deteriore por completo.
Jaime entonces, requiere de la compra de abono, semillas y riegos que le permitan mantener su cultivo sano, sin embargo, no cuenta con el capital suficiente para llevar a cabo la compra de estos productos, por lo que tiene la esperanza puesta en que un préstamo le permitirá comprar los abonos, riegos y semillas con los cuales podrá mantener en buenas condiciones su cultivo.
Jaime sueña con que su esposa y sus 2 hijos tengan una buena estabilidad económica, por esto ahorra y busca generar nuevas fuentes de ingresos.
Además, sueña con brindarles un futuro estable, una mejor calidad de vida, y una oportunidad de progresar y prepararse para obtener un empleo bien remunerado.
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.