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Arturo De Jesús
Arturo, 55, lives in a section of the village of Albania where he works raising pigs as a way to support his family composed of his wife and two minor children. Arturo thanks God for his health and for the opportunity He gives him daily of opening his eyes and having the strength to work and offer his family the best. He wants to be able to become a great businessman and be able to expand his litter size successfully raising and selling more pigs in order to improve his economic situation. Aiming at reaching his dream, he’s seeking financing to buy feed to fatten up 14 pigs he hopes to then sell at a good price in order to buy his children the school supplies they need to start school.
View original language description ↓
Arturo de 55 años de edad reside en la vereda Albania, en donde se dedica a la cría de cerdos como medio de sustento para su familia compuesta por su esposa y sus dos hijos menores de edad.
Arturo agradece a Dios por su salud y la oportunidad que le regala cada día de abrir sus ojos y tener la fuerza para trabajar y ofrecerle a su familia lo mejor. Desea poder proyectarse como un gran empresario y poder expandir la cría, levante y venta de cerdos con el fin de mejorar su situación económica.
Con el fin de lograr su sueño se encuentra en búsqueda de un crédito que invertirá en la compra de cuido para el engorde de 14 lechones. Espera poder venderlos a un buen precio para comprarle a sus hijos los útiles escolares para ingresar a la escuela.

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
  • 1,777.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Arturo De Jesús to buy feed to fatten up 14 pigs.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015