José is a person who has always stood out for being very hardworking. This has allowed him to get ahead despite the great adversities that have arisen in his life. Since he was very young he worked in agriculture alongside his father since he was in this occupation. Thanks to his experience he’s able to produce very good quality crops. José grows vegetables with which he generates income to support his wife and four children and despite having gone through great economic difficulties, he’s been able to gradually move his family forward thanks to his work and has provided them with a good quality of life.
Seeking to move his crops forward and protect them from the weather, José needs a loan to buy seeds, irrigation supplies and manure to produce good quality products and sell them at a good price.
His dream is to have great crops that will allow for economic stability for his family and also to be able to provide his four children with a better quality education.
Jose es una persona que siempre se ha caracterizado por ser muy trabajador y esto le ha permitido salir adelante a pesar de las grandes adversidades que se le han presentado en la vida. Desde muy joven aprendió junto a su padre la actividad de la agricultura gracias a que este se dedicaba a esta actividad, y ahora gracias a la experiencia puede sacar cultivos de muy buena calidad. Jose tiene un cultivo de verduras con el cual genera los ingresos para el sostenimiento de los gastos de su esposa y sus 4 hijos, y a pesar de que han padecido grandes dificultades económicas, con su esfuerzo ha venido sacando su familia adelante brindándoles una buena calidad de vida. Buscando sacar adelante su cultivo y preservarlo del clima, Jose busca un préstamo para comprar semillas, riegos y abonos y poder sacar productos de buena calidad para venderlos a un buen precio.
Su sueño es tener un gran cultivo que le permita tener una estabilidad económica para su familia y también poderles brindar a sus 4 hijos una educación de mejor calidad.
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.