Francisco Javier is 64 years old and for more than ten years he has made a living selling forest and ornamental plants in his town. This work has generated enough money to support his family and pay for his children's education.
Even though his wife died a few months ago, Francisco says his biggest dream is to continue with the business as that is what she would have wanted.
Francisco loves the natural world and ever since he was a boy he has been learning about his work as he spent most of his life living in the countryside.
Francisco is currently applying for a loan that he will use to buy seeds, manure and fertilisers. His aim is to increase his sales and improve his living conditions.
He hopes to expand his business and to have the best nursery in town.
Francisco Javier de 64 años de edad, se ha dedicado por más de diez años a la venta de plantas forestales y ornamentales en su municipio, actividad con la que ha generado el sustento para su familia y la educación de sus tres hijos.
A pesar del fallecimiento de esposa hace algunos meses, este hombre asegura que su mayor sueño es poder seguir con su negocio ya que éste también era el deseo de su cónyuge.
Ama la naturaleza y asegura que desde niño aprendió sobre su trabajo gracias a que residió en el campo la mayor parte de su vida.
En la actualidad se encuentra solicitando un crédito que destinará en la adquisición de semillas, abonos y fertilizantes, con el objeto de aumentar sus ventas y mejorar sus condiciones de vida.
Espera ver crecer su negocio y convertirlo en el vivero más reconocido de su localidad.
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.