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Juan Carlos
Juan has always been characterized for being a very hard worker, for many years he has had different jobs with which he has been able to earn an income to support his home. When he began his job in agriculture, Juan had another job at the same time, breeding chickens. Little by little he increased his aptitude until he dedicated all of his time to the chickens and left his other job. At present, besides breeding chickens he has a business breeding pigs and is doing quite well. He needs a loan to buy 4 pigs and feed so that he can increase his production and meet his customers’ needs.

Juan’s dream is to be able to increase his household income to improve the quality of life that he provides for his family.

View original language description ↓
Juan siempre se ha caracterizado por ser muy trabajador, pues durante muchos años ha tenido muchos trabajos diferentes con los que ha podido venir generando los ingresos para sostener su hogar. Cuando comenzó con las actividades de la agricultura, Juan tenía un empleo y de manera paralela comenzó con la crianza de gallinas, y así poco a poco fue aumentando la capacidad hasta que se dedicó de lleno a esta actividad y dejó su empleo. Actualmente además de la crianza de gallinas tiene un negocio de crianza de cerdos, y como con este negocio le está yendo bien, ahora busca un préstamo para comprar 4 cerdos y el alimento que necesitan, así poder aumentar su capacidad de producción para responder a los clientes.

Su sueño es poder aumentar los ingresos que tiene en su hogar y así poder mejorar la calidad de vida que ofrece a su familia.

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

  • $11,100
    Average annual income
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Juan Carlos buy 4 pigs and feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013