Adrián, 29 years old, lives in the San Luis district of the municipality of Támesis, Colombia with his wife. He grew up in the bosom of a country family, so he has been a farmer since he was a child. Currently, he is looking to earn a living in order to support his family, which is why he farms and offers a motorcycle taxi service.
His work starts at five in the morning with taking care of the pigs, and then he transports passengers. Currently he is asking for a loan to buy animal feed to fatten his pigs and to make repairs to the pens. He hopes that with this investment his quality of life will improve and he can provide his family with better life opportunities.
Adrián de 29 años de edad, reside en la vereda San Luis del municipio de Támesis, Colombia con su esposa. Creció en el seno de una familia campesina, por lo cual ha sido agricultor desde fu infancia. En la actualidad busca como ganarse la vida para sostener a su familia, razón por la cual se dedica a la agricultura y a prestar el servicio de moto-taxi.
Su faena comienza a las cinco de la mañana con el cuidado de cerdos y posteriormente se dedica al transporte de pasajeros. En la actualidad se encuentra solicitando un crédito para la compra de concentrado para el engorde de sus porcinos y realizar reparaciones en los corrales. Espera que con esta inversión su calidad de vida mejore y pueda brindarle a su familia mejores oportunidades 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.