Check out some available loans that are similar to this one!
Rodrigo Antonio
Rodrigo is married and has two children, ages one and seven. He says that they are his motivation for working hard each day. He learned to raise livestock at a young age and he followed this path and continues doing this today. It generates him income with which to pay his household expenses. Aside from his work raising livestock, he works on a nearby farm, close to his home. This provides him with some extra income that allows him to provide a better quality of life and financial stability to his wife and two children. Rodrigo wants to continue growing his business, so he is seeking a loan to buy livestock so that he can continue to offer it to his customers.

Rodrigo hopes that his business will continue to grow in this manner and that his monthly income is not affected. Rodrigo also dreams of having a good, profitable business and that he will be able to provide a better quality of life and better advancement opportunities for his family.
View original language description ↓
Rodrigo se encuentra casado y tiene 2 hijos de 1 y 7 años de edad, de quienes manifiesta son su motivación para trabajar fuertemente todos los días. Desde muy temprana edad aprendió la actividad de la crianza de ganado, por lo que siguió este camino y actualmente se sigue dedicando a esta actividad, con la cual genera los ingresos que requiere para el sostenimiento de los gastos de su hogar. Rodrigo además de su trabajo en la crianza del ganado, trabaja como empleado en una finca cerca de su residencia, lo que le permite tener unos ingresos extras para poder ofrecerles a sus 2 hijos y su esposa una mejor calidad de vida y una mayor estabilidad económica. Rodrigo quiere que su negocio siga creciendo, por lo que busca que un préstamo le brinde la oportunidad de acceder a la compra de ganado para seguir ofreciendo a sus clientes.

Rodrigo espera que de esta manera el negocio siga creciendo y sus ingresos mensuales no se vean afectados. Además, Rodrigo sueña con seguir teniendo un buen negocio y que este cada vez sea más rentable, y desde este les pueda ofrecer a su familia una mejor calidad de vida y mayores oportunidades de progreso.

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

  • $6,070
    Average annual income
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Rodrigo Antonio to buy livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Apr 9, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013