Luis is a person who has always been described as being very hardworking. That has allowed him to overcome the great difficulties that have occurred in his life. When he was very young he learned the agriculture business with his father. He’s always worked in this business which has generated the income necessary to support his wife and their 8 kids. Thanks to his experience, he’s known for producing high quality products. His client base has grown and has brought him better opportunities to progress in life together with his family. Despite some of his kids already being grown and having their own work, Luis still has to guarantee access to a university education to his other kids and so the economic condition of the household has been greatly affected. Aiming to continue getting ahead through his farming, Luis is looking for a loan to buy seeds, irrigation, and manure to move ahead with his crop.
His greatest dream is to see all of his kids progressing and giving their families a good quality of life, so that he can feel good about the education and quality of life he’s given them.
Luis es una persona que siempre se ha caracterizado por ser muy trabajador y esto le ha permitido superar las grandes dificultades que se le han presentado en la vida. Desde muy joven aprendió la actividad de la agricultura junto a su padre, y es en esta actividad que siempre se ha desempeñado y con la cual ha generado los ingresos necesarios para el sostenimiento de su esposa y sus 8 hijos. Gracias a la experiencia que tiene, es reconocido por sacar productos de muy buena calidad, lo que hace que sus clientes sigan creciendo y le brinden mayores oportunidades para progresar en la vida junto a su familia. A pesar de que algunos de sus hijos ya son mayores y tienen su propio empleo, Luis aún debe garantizar el acceso a una educación universitaria a sus otros hijos y por esto las condiciones económicas en su hogar se han visto fuertemente afectadas. Buscando seguir saliendo adelante con su cultivo, Luis busca un préstamo para comprar semillas, riegos y abonos para sacar adelante su cultivo.
Su mayor sueño es ver a todos sus hijos progresando y brindándoles una buena calidad de vida a sus familias, de modo que se pueda sentir a gusto con la educación y la calidad de vida que les ha brindado.
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.