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Javier
Javier is 43 years old and the father of three children who he adores. For this reason, he works enthusiastically day after day to provide them with education, food, and a good home.


Javier grows coffee, a trade that he learned as part of a family tradition. Now he is able to help his family get ahead. His crops have been affected by the rainy season, so Javier needs to invest in the purchase seeds and compost, as well as pay for irrigation so that he can improve his harvest. He does not have resources of his own, so he has come to request a loan. This business is the only source of income by which he can sustain his household.

View original language description ↓
Javier de 43 años de edad es padre de 3 hijos a los cuales adora y por quienes trabaja día a día con el ánimo de brindarles educación, alimento y un buen hogar. Se dedica a la siembra de café, actividad que aprendió por tradición familiar y con la cual ha sacado adelante a su familia. Debido a la ola invernal, sus cultivos se han visto afectados. Por lo cual Javier necesita invertir en la compra de semilla, riegos y abonos que le permitan mejorar su cosecha. Como no cuenta con recursos propios recurre a la solicitud de un crédito, debido a que esta actividad es su única fuente de ingresos para el sostenimiento de su hogar.

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
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,100 helped Javier to buy seeds, compost, and to pay for irrigation.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 10, 2013
Currency Exchange Loss:
Covered