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Update on Jairo

45-year-old Jairo is a farmer who lives on a lane in the municipality of Sonsón in Colombia. He lives with his wife and three children. Every day he leaves his house very early and goes to his land where he has sown his beans and vegetables. He inherited this business from his family, who has been working in the fields for years. Jairo is a loyal lover of his work. He is grateful to God for allowing him to enjoy the fresh air and a big family. He is now requesting a loan, which he will use to buy inputs for sowing new crops and fertilizers, since he does not have the resources to make this investment.
His biggest challenge is to fight against the inclemency of the climate which, on various occasions, has brought him losses. He dreams of being able to offer his family a decent home and a good education for his children.
View original language description ↓
Jairo de 45 años de edad es una agricultor residente en una vereda del municipio de Sonsón, Colombia. Vive con su esposa y tres hijos. Todos los días sale muy temprano de su casa y se dirige a su huerta en donde tiene sembrados de fríjol y hortalizas. Esta actividad la heredó de su familia quienes se han dedicado a las labores del campo desde hace años. Jairo es un fiel amante a su trabajo, agradece a Dios el hecho de permitirle disfrutar de un aire fresco y de una gran familia. En la actualidad se encuentra solicitando un crédito para la compra de insumos que utilizará en nuevas siembras y abonos, ya que no cuenta con los recursos para hacer esta inversión.

Su gran reto es luchar contra las inclemencias del clima que en varias ocasiones le han generado pérdidas. Sueña con poderle ofrecer a su familia una vivienda digna y sus hijos una buena educación.

Previous Loan Details

Jairo has dedicated his life to farming. With much effort and dedication he managed to get his own fields to grow potatoes and beans that he’s able to work daily to generate income needed to support his wife and three children. Currently, Jairo needs to buy supplies like sprays and manure to im... More from Jairo's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 367
    View loans »
    Colombia Loans Fundraising
  • $15,630,925
    Funds lent in using Kiva
  • 1,764.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Jairo to buy farm supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Feb 1, 2013
Currency Exchange Loss:
Apr 17, 2014