Justo Pastor is 37 years old and has four children. He has worked in the business of farming and buying and selling livestock for ten years. He learned this business ten years ago and works daily from 5 a.m. until 6 p.m. With the goal of increasing his income, Justo wishes to buy livestock, but doesn't have the resources to make this acquisition. So, he is requesting a loan. He hopes to improve the quality of life of his family and guarantee that his children have a quality education.
His greatest dream is to see his small business grow and have the opportunity to employ farmers in the region.
Justo Pastor de 37 años de edad es padre de cuatro hijos. Se dedica desde hace 10 años a la actividad agropecuaria, compra y venta de ganado. Aprendió la actividad desde hace 10 años y su jornada desde las 5:00 a.m hasta las 6:00 p.m diariamente. Con el fin de mejorar sus ingresos, Justo desea comprar ganado, pero no cuenta con los recursos para su adquisición, por lo cual se encuentra solicitando un crédito. Espera mejorar la calidad de vida de su familia y garantizarles a sus hijos una educación de calidad.
Su mayor sueño es ver crecer su microempresa y tener la oportunidad de generar empleos directos a campesinos 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.