Helber is 27 years old and has had to work out necessity from a young age. He became a father at 20, which led him to look for a livelihood for not only himself but his young family. With his experience in farming activities, something he learned from infancy, Helber was able to get a plot of land to plant beans and peas, and thanks to developing this activity he earns the necessary income for his family's daily bread. He is requesting the loan to invest in farming supplies with the goal of improving his production and getting a good harvest to allow him to increase his income and guarantee his family decent living conditions.
Helber de 27 años de edad, desde muy joven se ha visto en la necesidad de trabajar, debido a que a sus 20 años se convirtió en padre, lo que implicó buscar el sustento no sólo para el si no para su núcleo familiar.
Con su experiencia en las actividades agrícolas, adquirida desde su infancia y juventud, Helber logró conseguir una parcela en la que siembra cultivo de fríjol y arveja y gracias al desarrollo de su actividad obtiene los ingresos necesarios para el sostenimiento de su familia.
Hoy se encuentra solicitando un crédito que invertirá en la compra de insumos agrícolas con el fin de mejorar su producción y sacar una buena cosecha que le permita mejorar sus ingresos y garantizarle a su familia condiciones de vida digna.
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.