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Ferney Alberto
Ferney is a very hard working person who has always wanted to offer his wife and 1 year old son a better quality of life. Ferney has spent a large part of his life as a machine operator at a construction company. Since his father in law offered him a small pen, he is beginning the activity of raising pigs. Ferney has taken advantage of this opportunity wanting to generate more income for his home and offer them a better quality of life. Ferney works all day in the construction business and when he finishes his work day, he goes home to care for the pigs he has. At present, Ferney only has one litter, but he is making plans to increase his capacity. That is why he is looking to expand his pen so he can have a bigger number of pigs. However, Ferney doesn't have enough capital to do the improvement and he hopes that a loan will give him the opportunity to make improvements on the pen and thus be able to have more pigs there.

Ferney hopes to be able to generate more income with this when he sells the pigs, and thus be able to offer his wife and son a better quality of life.
View original language description ↓
Ferney es una persona muy trabajadora que siempre ha querido brindarles una mejor calidad de vida a su esposa y su hijo de 1 año. Ferney se ha dedicado gran parte de su vida como operario en una empresa de construcción, y aprovechando que su suegro le brindó un pequeño corral, esta iniciando la actividad de la cría de cerdos. Ferney ha aprovechado esta oportunidad con el ánimo de poder generar mayores ingresos para su hogar y ofrecerles una mejor calidad de vida. Ferney trabaja durante todo el día en la empresa de construcción, y cuando termina su jornada laboral se dirige a su hogar a cuidar la cría de cerdo que tiene. Actualmente Ferney solo tiene una sola cría, sin embargo ya esta haciendo planes para aumentar su capacidad. Es por esto que Ferney esta buscando poder ampliar su corral de modo que pueda tener un mayor número de cerdos. Sin embargo, Ferney no cuenta con el capital suficiente para realizar esta adecuación, por lo que espera que un préstamo le brinde la oportunidad de acceder a realizar mejoras locativas a su corral y de este modo pueda tener más cerdos en este.

Ferney espera con esto poder generar mayores ingresos en el momento que venda los cerdos, y de esta manera pueda ofrecerles a su esposa y su hijo una mejor calidad de vida.

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

  • $11,100
    Average annual income
  • 552
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,814.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Ferney Alberto to do improvements on his pen and be able to keep more pigs there.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013