José, 37, is a farmworker who has made a living in agriculture since his youth. He learned the work thanks to his parents, who lived in the country all their lives.
He has grown coffee, one of the most marketed crops in the region, since he was 14 years old. His biggest challenge has been struggling against the coffee crisis, price instability, and pests that constantly invade his crops.
His biggest dream is to be able to give his children, ages 12 and 14, a good education, for which he's considering the possibility of relocating them to the city because the area school is very far from the farm.
He's requesting a loan to invest in buying fertilizer with the goal of getting a good harvest and paying his two employees who help him with the farming labor.
He hopes to be able to improve his quality of life and that of his family.
José, de 37 años de edad es un campesino que se ha dedicado a la actividad agropecuaria desde su juventud. Aprendió el oficio gracias a sus padres quienes residieron en el campo toda la vida.
Desde sus catorce años cultiva café, el cual es uno de los productos más comercializados en su región. Su mayor reto ha sido luchar contra la crisis cafetera, la inestabilidad de los precios y las pestes que invaden constantemente sus cultivos.
Su mayor sueño es poder ofrecerles a sus hijas de doce y catorce años de edad una buena educación, por lo cual considera la posibilidad de radicarlas en la ciudad, ya que la escuela de la vereda es muy retirada de la finca.
Se encuentra solicitando un crédito que invertirá en la compra de fertilizantes con el propósito se sacar un buena cosecha y pagarle a los dos empleados que le colaboran con las labores agropecuarias.
Espera poder mejorar su calidad de vida y la de su familia.
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.