Herberth is a farmer, and he has been farming since he was a child. He therefore knows this line of work very well, and he does it with great love. He has currently been raising and fattening chickens.
He is now requesting a loan to buy laying hens in order to sell eggs.
His work has allowed him to give his family a better quality of life. His children are the force that has motivated him to set up the business. This is because he wishes to be able to generate more income in order to send his children to the capital. He wishes to be able to give them a college education.
Heberth es un campesino dedicado desde su niñez a actividades agropecuarias, por lo cual conoce bien el oficio y lo hace con gran amor. Actualmente se ha dedicado a la cría y engorde de pollos. A demás se encuentra en búsqueda de solicitar un crédito para la compra de gallinas ponedoras para la venta de huevos. Su labor le ha permitido ofrecerle a su familia una mejor calidad de vida. Sus hijos son la fuerza que lo ha motivado a formar empresa ya que desea poder generar mayores ingresos para enviar a sus hijos a la capital y poderles brindar estudio universitario.
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.