Hernan has farmed since he was 15 years old, thanks to the fact that his father had the same livelihood. This is how he learned the skills involved in raising crops.
Hernan is married and the father of a nine-year-old son, to whom he has always wanted to offer a good education and a better quality of life. Thanks to his crops, Hernan has been able to raise his family, and at the same time this has allowed him to fulfill his family's dreams.
Thanks to the good quality of his products, Hernan has a very good number of customers, which guarantees him good monthly sales. With the intention of getting his crop started, Hernan is seeking a loan that will give him the chance to purchase agricultural supplies for his crop, such as fertilizers, irrigation supplies, insecticides, greenhouse plastic sheeting, and other things.
Hernan hopes that in this way, his crops will turn out to be good quality, and that he will be able to sell them at a good price. In addition, he hopes that in this way, he will be able to generate greater income for his household, with which he will be able to improve the quality of life for his wife and son, and offer them greater opportunities for progress.
Hernan se ha dedicado a la actividad de la agricultura desde que tenía 15 años de edad, gracias a que su padre se dedicaba a esta actividad y así aprendió el oficio de llevar un cultivo. Hernan se encuentra casado y es padre de 1 hijo de 9 años de edad, a quien siempre le ha querido ofrecer una buena educación y una mejor calidad de vida. Gracias a sus cultivos, Hernan ha podido sacar a su familia adelante, y esto le ha permitido al mismo tiempo cumplir los sueños de su familia. Gracias a la buena calidad de sus productos, Hernan tiene muy buen número de clientes, los que le garantizan unas buenas ventas mensuales. Con el ánimo de sacar adelante su cultivo, Hernan busca que un préstamo le brinde la oportunidad de acceder a la compra de insumos para su cultivo como abonos, riegos, insecticidas, plásticos de invernadero, entre otros.
Hernan espera que de esta manera sus cultivos puedan salir de buena calidad y poderlos vender a un buen precio, además que de esta manera podrá generar mayores ingresos para su hogar con los cuales les podrá mejorar la calidad de vida a su esposa y a su hijo y les ofrecerá mayores oportunidades de progreso.
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.