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Edwin Andrés
Edwin is a young farmer who is 21 years of age. He has engaged in farming since childhood and learned this trade from his father. Edwin currently grows potato and tomato crops. His products are sold on Sundays at the central market in the town of Sonsón, Antioquia, Colombia.


Edwin is a young man who has great plans for success. He says that the only way for him to accomplish his goal is to study, so he decided to attend school on the weekends and spend the rest of his time with his business. His greatest wish is to become a successful professional so that he can manage his crops with greater efficiency, thus resulting in more income that will allow him to provide his family a better quality of life.


With plans of improving production, Edwin is requesting a loan so that he can buy compost and fertilizer. These supplies will allow him to facilitate better production and greater profitability.

View original language description ↓
Edwin es un joven campesino de 21 años de edad dedicado a las labores de la agricultura desde su infancia, actividad que aprendió de su padre. En la actualidad tiene cultivos de papa capira y tomate de árbol, productos que vende el día domingo en la plaza de mercado del municipio de Sonsón, Antioquia, Colombia.
Edwin es un joven con muchos deseos de salir adelante, y está seguro que la única forma de lograrlo es estudiar, por lo cual decidió ingresar al colegio los fines de semana y dedicar el tiempo restante a su negocio. Su mayor sueño es poder ser un gran profesional para administrar con la mayor eficiencia sus cultivos y generar mayores ingresos que permitan ofrecerle a su familia una mejor calidad de vida.
Con la esperanza de mejorar su producción Edwin se encuentra solicitando un crédito que destinará para la compra de abonos y fertilizantes agrícolas, que le permitirán generar una mejor producción y una mayor rentabilidad.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,767.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Edwin Andrés to buy compost and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013