Luis is 34 years old. He has worked in farming since his childhood. Thanks to his father, he learned about agriculture, an activity that today is the source of support for him and his family.
Right now he has crops of a local variety of potatoes and capira potatoes. He is seeking a financing source to buy pea and bean seeds which will help him expand his variety of production, as well as fertilizers, fungicides and insecticides. He hopes that this investment will allow him to generate more earnings which will be reflected in his wife and children's quality of life.
His biggest dream is to see his children, aged eight and six, have good educational opportunities. For this he works hard in order to guarantee them access to education and recreation.
Luis de 34 años de edad, se ha dedicado a las labores del campo desde su infancia. Gracias a su padre aprendió de la agricultura, actividad que hoy es su fuente de sostenimiento para el y su familia.
En la actualidad tiene siembra de papa criolla y capira, por lo cual, se encuentra buscando una fuente de financiación para la compra de semillas de arveja y fríjol con lo que podrá ampliar la variedad de producción, abonos, fungicidas e insecticidas. Espera que esta inversión le permita generar mayores ganancias que se verán reflejadas en la calidad de vida de su esposa e hijos.
Su mayor sueño es ver a sus hijos de ocho y seis años de edad con buenas oportunidades educativas por lo cual trabaja arduamente a fin de garantizarles acceso a la educación y a las recreación.
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.