Ruben learned from a young age how to be a farmer, since his father was also a farmer and taught him as they worked side by side. He currently is working independently. His crops allow him to earn an income to support his wife and 9 year old son. The biggest difficulty he has is climate change, which sometimes causes him to lose his crop. He is trying to forge ahead with his crops and protect them from these obstacles. Ruben is seeking a loan to purchase fertilizer and irrigation equipment to protect his crops from severe weather.
His dream is to make his business of farming successful and grow it to be able to make jobs for his family. In addition, he wants to earn an income to offer a better quality of life to his wife and son.
Ruben aprendió desde muy joven la actividad de la agricultura gracias a que su padre se dedicaba a esta actividad y se la enseñó para trabajar a su lado. Actualmente trabaja de manera independiente y con sus cultivos tiene la oportunidad de generar los ingresos necesarios para el sostenimiento de su esposa y su hijo de 9 años. La gran dificultad que tiene en su cultivo es el cambio climático que a veces hace que pierda sus cosechas; pero ahora buscando sacar adelante su cultivo y preservarlo de estas dificultades, Ruben busca un préstamo para comprar abonos y riegos y proteger así su cultivo contra los fuertes climas.
Su sueño es sacar adelante su negocio y crecer para generar empleo para su familia, además de generar ingresos con los que pueda ofrecer a su esposa y su hijo una mejor calidad de vida.
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.