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José Libardo
Libardo is 48 years old and has worked as a farmer all his life. He is married and has two children. He wants to provide a good environment for his family and give them better living conditions. In order to do that, he works cultivating and selling herbs, as well as raising and fattening chickens to sell in town.

He is requesting this loan to purchase seeds and make improvements to a chicken coop so that he can increase his production and improve his sales.

His dream is to improve his source of income, provide his two children with a quality education, and be financially secure.
View original language description ↓
Libardo de 48 años de edad, ha trabajado toda su vida en el campo, se encuentra casado y tiene 2 hijos. Se ha caracterizado por querer brindarle un bienestar a su familia, y mejores condiciones de vida. Razón por la cual se dedica al cultivo y venta de aromáticas, al mismo tiempo que alterna esta actividad con la cría y engorde de pollos que posteriormente son vendidos en su municipio.
Hoy se encuentra solicitando un crédito que invertirá en la compra de semillas y adecuaciones del galpón con el fin de aumentar su capacidad de producción y mejorar sus ventas.
Su sueño es mejorar su fuente de ingresos, brindándoles a sus dos hijos una educación de calidad y apartados de toda carencia económica.

Additional Information

Important Information

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.

About Colombia

  • $6,070
    Average annual income
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped José Libardo to purchase seeds and make improvements to a chicken coop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014