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John Anderson
John is a determined young man who is 22 years of age. He is responsible for seeing that his family moves forward. Many years ago, he learned how to raise chickens and pigs. His mother had this type of business and it provided everything they needed for their home. After his mother died, John took over the family business so that he could generate household income and support his younger brother. It was also during this time that he decided to move to the town where his grandparents live so that he could have better stability. However, he was not able to find job opportunities so he decided to return with his brother to his hometown. John still lives in the house he inherited from his mother, where there are also chicken coops and pig pens.


He is looking to restart this business, so John is requesting a loan in order to buy chickens and pigs to raise. John will also renovate the pens so that he can reactivate the business that his mother left him. His dream is to get the business up and running so that he can provide his younger brother a good quality of life and better work opportunities that will help him get ahead.

View original language description ↓
John es un joven luchador de 22 años que tiene la responsabilidad de velar por su familia y sacarla adelante. Desde hace bastantes años aprendió la actividad de la crianza de pollos y cerdos gracias a que su madre se dedicaba a esto y con este negocio les brindaba todo lo que necesitaban en el hogar; pero desde hace unos años que su madre murió, John quedo a cargo de generar los ingresos para el hogar y sostener a su hermano menor. Es así como decidieron irse a vivir al municipio donde vivían sus abuelos buscando mejor estabilidad, pero debido a que John no encontró oportunidades laborales allí decidió regresarse con su hermano para su municipio natal. Allí aún queda la casa que dejó su mamá y donde tenía los corrales de pollo y de cerdo, y buscando reactivar este negocio, John busca un préstamo para comprar crías de pollos y de cerdos y adecuar los corrales para reiniciar con el negocio que le dejó su madre.

Su sueño es poder tener nuevamente este negocio en marcha y brindarle a su hermano menor una buena calidad de vida y mejores oportunidades laborales para salir adelante.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,125 helped John Anderson to buy chickens and pigs to raise and to renovate the animal pens.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 30, 2012