Roberto, for most of his life, has made a living in agricultural production. Through this activity, he has generated enough income to cover expenses for his home, where he lives with his wife and two children. Roberto has a vegetable farm, and sells his produce to his customers at a very good price.
Due to the effects of this past winter, which lasted longer than expected, Roberto has watched his crops fail to grow sufficiently. In hopes of changing this situation, Roberto is looking to buy fertilizers and seeds for his farm. Since he does not have sufficient capital to purchase these products, Roberto is requesting a loan that will give him the opportunity to purchase fertilizers and seeds for his farm.
Roberto hopes that his farm can continue yielding high quality products so that he can sell them at a good price. He dreams of having a large farm where he can generate many jobs, as well as provide financial stability for his children. Roberto longs to be able to improve the quality of life for his wife and two children, while also providing greater opportunities for financial progress.
Roberto gran parte de su vida se ha dedicado a la producción agropecuaria, y con esta actividad genera los ingresos suficientes para el sostenimiento de los gastos de su hogar, donde vive con su esposa y sus 2 hijos. Roberto tiene un cultivo de legumbres el cual vende a muy buen precio a sus clientes. Debido al invierno de hace pocos meses, que se prolongó más de lo esperado, Roberto ha visto como sus cultivos no han crecido lo suficiente. Con el ánimo de cambiar esta situación, Roberto busca comprar abonos y semillas para su cultivo. Debido a que no cuenta con el capital suficiente para la compra de estos productos, Roberto busca que un préstamo le brinde la posibilidad de acceder a la compra de abonos y semillas para su cultivo.
Roberto espera que su cultivo pueda seguir sacando productos de buena calidad para poderlos vender a un buen precio. Sueña con tener un gran cultivo donde pueda generar muchos empleos, además, con el que le pueda brindar a sus hijos una estabilidad económica. Roberto anhela poder mejorarles la calidad de vida a su esposa y sus 2 hijos, además de ofrecerle mejores oportunidades para progresar económicamente.
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.