Luis Antonio is married and the father of four children that he has to support every day. Luis Antonio has devoted a great part of his life to farming and cattle-raising.
On his land he has three breeding stock, in addition to a crop of various vegetables. Thanks to this, Luis Antonio is able to generate enough income to meet his household expenses.
Luis Antonio sells his crops to his customers, who are steady, and always do very well from their dealings with him. With the aim of satisfying the orders from some of his customers, Luis Antonio is seeking to increase his crop to be able to deliver a greater amount of product to his customers. This is why he is seeking to buy seed and fertilizer for his crops.
However, Luis Antonio does not have sufficient working capital for these purchases, so he hopes the loan will provide him the opportunity to buy seed and fertilizer to increase his crop and be able to meet his customer orders.
Luis Antonio hopes his income continues to increase, so that he can offer his four children and his wife a better quaity of life. In addition, he dreams about his children having access to a quality education and a stable financal future.
Luis Antonio es una persona casada y padre de 4 hijos a quienes siempre les debe garantizar su sustento diario. Luis Antonio se ha dedicado gran parte de su vida a la actividad de la agricultura y el ganado. En su tierra tiene 3 ganados de levante además de un cultivo de diferentes verduras. Gracias a esto, Luis Antonio puede generar los ingresos suficientes para el sostenimiento de los gastos de su hogar. Luis Antonio vende sus cultivos a sus clientes, los cuales son fijos y siempre le hacen muy buenos. Con el ánimo de poder satisfacer los pedidos de algunos de sus clientes, Luis Antonio busca aumentar su cultivo para poder entregar mayor cantidad a de productos a sus clientes, es por esto que busca la compra de semillas y abonos para sus cultivos. Sin embargo, Luis Antonio no cuenta con el capital suficiente para estas compras por lo que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de semillas y abonos para incrementar su cultivo y poder cumplir con los pedidos de sus clientes.
Luis Antonio espera que sus ingresos sigan aumentando para poderles brindar a sus 4 hijos y su esposa una mejor calidad de vida. Además, sueña con que sus hijos tengan acceso a una educación de calidad y a un futuro económico estable.
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.