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Orlando De Jesus

Update on Orlando De Jesus

Orlando has vast experience raising chickens and pigs because he started this activity while still a boy thanks to his father’s teachings. For a long time he was employed by a firm and a few years go decided to become independent but due to economic difficulties he had at home his business has had big problems getting ahead.

A few months ago he was fattening up some pigs but because prices dropped considerably, the business lost much money and now he’s facing significant economic difficulties. This is why he does not have sufficient capital and why Orlando is calling upon a loan to buy chicks and feed needed to raise them. His dream is to have a business that will make it possible for him to provide his wife and three children with a better quality of life and better economic opportunities to get ahead.
View original language description ↓
Orlando tiene una gran experiencia en la actividad de la crianza de pollos y cerdos, pues desde muy joven se dedica a esta actividad gracias a que su padre se la enseñó. Durante mucho tiempo trabajó para una empresa y desde hace unos años decidió independizarse, pero debido a las dificultades económicas que tienen en su hogar, su negocio ha visto grandes problemas para poder salir adelante. Hace unos meses estaba engordando unos cerdos, pero debido a que el precio de la carne disminuyó considerablemente, su negocio hizo que perdiera mucho dinero y ahora tiene grandes dificultades económicas. Es por esto que como no cuenta con el capital suficiente, Orlando acude a un préstamo para comprar pollos y el cuido necesario para su engorde.

Su sueño es poder tener un negocio que le permita ofrecerles a su esposa y sus 3 hijos una mejor calidad de vida y mejores oportunidades económicas para salir adelante.

Previous Loan Details

Orlando has worked his entire life raising cattle and pigs but due to adverse life circumstances he had to stop this activity for a time. Now, Orlando wants to retake the work, an activity which used to allow him to generate sufficient income to cover household expenses. Orlando is 59 years o... More from Orlando De Jesus'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
  • 383
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,817.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Orlando De Jesus to buy chicks and feed for them.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 24, 2012
Sep 6, 2012
Currency Exchange Loss:
Sep 22, 2013
This photo was used before for a previous loan for Orlando De Jesus. It was first posted on Kiva on Feb, 2012. Learn More