Alberto is noted for being very hard-working and always wanting to make progress in life. He learned how to farm from his father at a very young age and worked together with his father growing vegetables. Alberto's parents have now passed away and, as an inheritance, they left him the land which they used to grow crops on. As a result, Alberto's harvests are now his source of income. Alberto grows vegetables, especially beans, and has big customers who buy his products from him at a very good price. Alberto would like to increase the variety of crops that he grows and would like to buy seeds and fertilizers so that he can start growing new vegetables. Right now, he does not have enough capital to make these purchases and so he hopes to receive a loan which will enable him to buy seeds and fertilizers to grow his new vegetables.
Alberto hopes that his income will increase significantly as he will be able to offer his customers more products. He dreams of having a large plot of crops which will provide him with large harvests. He would also like to become well known for the quality of his crops. Alberto dreams that, when his business grows, he will be able to provide work to the most needy people who do not have any work opportunities.
Alberto se ha caracterizado por ser muy trabajador y siempre querer salir adelante. Desde muy joven aprendió la actividad de la agricultura gracias a su padre, y desde entonces colaboraba con él en el cultivo de verduras. Sus padres han fallecido y le dejaron como herencia el terreno donde cultivaban, por lo que Alberto ahora hace de sus cosechas su fuente de ingresos. Alberto cultiva legumbres, en especial fríjoles, y tiene grandes clientes que le compran a muy buen precio sus productos. Alberto quiere aumentar la variedad de productos que cultiva, por lo que quiere comprar semillas y abonos para empezar a cultivar nuevas legumbres. Debido a que en el momento no cuenta con el capital suficiente para realizar estas compras, Alberto espera que un préstamo le brinde la posibilidad de acceder a la compra de semillas y abonos para sembrar en sus cultivos nuevas legumbres.
Alberto espera que de esta manera sus ingresos aumenten considerablemente, pues ofrecerá más productos a sus clientes. Alberto sueña con tener una gran parcela de cultivos donde tenga grandes cosechas y sea reconocido por la calidad de sus productos. Alberto sueña con que cuando su negocio crezca, pueda ofrecer empleo para las personas más necesitadas que no han tenido oportunidades laborales.
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.