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Update on Edigio

Edigio is married and has a seven-year-old son. To generate the income for his household, he works as a security guard in a power sub-station. However the salary that he earns there is not sufficient, so he has decided to start an alternate business with which he will be able to generate income to contribute to his household and to be in better financial condition.

This is how, some months ago, he started the business of raising and selling livestock. Thanks to this his household conditions have been improving. Now his wife and son have the chance to have a better quality of life.

Looking to fill his customers’ orders, Edigio turns to a loan that will allow him to buy a calf. This way he will respond to the large orders from his customers.

His biggest dream is to get this alternate business ahead and to be able to have a better quality of life. He also wants to provide better financial opportunities to his family.
View original language description ↓
Edigio se encuentra casado y tiene un hijo de 7 años de edad, y para generar los ingresos de su hogar trabaja como vigilante en una estación de energía, pero debido a que los ingresos que allí genera no son suficientes, ha decidido iniciar un negocio alterno con el cual pueda generar ingresos que contribuyan a que en su hogar tengan mejores condiciones económicas. Fue así como hace unos meses inició el negocio de crianza y venta de ganado y gracias al cual las condiciones en su hogar han venido mejorando y ahora su esposa y su hijo tienen la posibilidad de acceder a una mejor calidad de vida. Buscando satisfacer los pedidos de sus clientes, Edigio busca un préstamo que le permita comprar un ternero y así responder a los grandes pedidos de sus clientes.

Su mayor sueño es sacar adelante este negocio alterno a su trabajo y poder seguir generando ingresos con los cuales pueda tener una mejor calidad de vida y mejores oportunidades económicas para ofrecer a su familia.

Previous Loan Details

Edigio is married and has a seven-year-old son. To generate the income he needs for his household, he works as a security guard in a power sub-station near his municipality. However the salary that he earns there is not sufficient to support his household expenses. This is the reason he wants to ... More from Edigio's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 415
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Edigio to buy a calf in order to start his own business producing milk.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Sep 3, 2012
Currency Exchange Loss:
Nov 18, 2013