Jose is 46 years old, and the father of three children who he adores and for whom he works day after day with the goal of providing them with a good education, food, and a home. Jose grows and harvests peppers, potatoes, peas, and banana passion fruit. His work has allowed him to bring his family forward and give them a better quality of life. The recent rainy season has gravely affected his crops. It is because this that Jose is applying for this loan to buy agricultural supplies that will help him have a better harvest and minimize loses. Jose's biggest dream is to continue to support his family and to generate the necessary income to buy his own home.
José de 46 años de edad es padre de 3 hijos a los cuales adora y por quienes trabaja día a día con el ánimo de brindarles una buena educación, alimentación y hogar. El señor José se dedica al cultivo de fríjol, papa, arveja y curaba. Actividad que le ha permitido sacar adelante a su familia y brindarles una mejor calidad de vida. Debido a la ola invernal que ha afectado la zona en los últimos días, sus cultivos se han visto gravemente afectados, por lo cual se encuentra solicitando un crédito para la compra de insumos agrícolas que le permitan sacar una cosecha de mejor calidad y minimizar las pérdidas.
Su mayor sueño es continuar brindando el sustento a su familia y generar los recursos necesarios para la adquisición de una vivienda propia.
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.