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Nelson Javier
Nelson’s a very hardworking person who has managed to move his 7-year-old son forward since his mother abandoned them some time ago. He’s managed to support his home with much effort.

For some time now he’s been in the pig raising business which generated extra income aside from his salary which was too low to cover all household expenses. Thanks to this pig raising activity he’s earned extra income for his home that allows him to provide his son with a better quality of life at home which is why he’s always looking for opportunities for his business to continue growing so that his son can have still better quality of life.
Because he does not have much capital, Nelson turns to a loan to buy feed he needs for his pigs thus moving production forward.

In this way he will manage to produce good quality product and earn good income by means of it to be able to provide his son with a quality of life that’s better than their current one. His greatest dream is to have a good business and obtain the way of providing his son with a better quality education.
View original language description ↓
Nelson es una persona muy trabajadora y ha logrado sacar adelante a su hijo de 7 años a quien abandonó su madre desde hace un tiempo y así ha logrado sacar su propio hogar con mucho esfuerzo. Desde hace un tiempo aprendió la actividad de la cría de cerdos y con esto comenzó a generar ingresos extras a parte del trabajo que tenía donde generaba muy poco dinero para su hogar. Gracias a esta actividad de la cría de cerdos ha logrado generar ingresos extras para su hogar que le permiten brindarle a su hijo una buena calidad de vida para el hogar, por esto siempre busca la oportunidad de que su negocio siga creciendo para que su hijo tenga una mejor calidad de vida. Debido a que no cuenta con un gran capital, Nelson recurre a un préstamo para comprar el cuido que requiere para alimentar los cerdos y así sacar su producción adelante.

De esta manera logrará sacar sus productos de buena calidad y recibir un buen ingreso por ello y así brindarle a su hijo una mejor calidad de vida que la que puede acceder actualmente. Su mayor sueño es tener un buen negocio y conseguir la manera en que su hijo pueda tener una educación de mejor calidad.

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
  • 155
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Nelson Javier to buy animal feed.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013