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Andrés De Jesús
Andrés is 30 years old, and a farmer dedicated to the agricultural sector. He says that since he was 11 years old, he learned the activity thanks to his father. For the past 8 years, he started with his own business, dedicated to the production of milk, which he distributes in his community and sells the rest to a dairy company.

Thanks to the development of his work, today his three young children enjoy a good education. With the goal of increasing his production, Andrés finds himself requesting a loan that he will invest in the purchase of a stable and two calfs. This will allow him to increase his income and the quality of life of his family.
View original language description ↓
Andrés de 30 años de edad, es un campesino dedicado al sector agrícola. Narra que desde los once años aprendió de la actividad gracias a su padre. Desde hace ocho años inició con su propio negocio, dedicado a la producción de leche la cual distribuye entre su comunidad y la demás es vendida a una empresa de lácteos. Gracias al desarrollo de su labor hoy sus tres hijos menores de edad, gozan de una buena educación.
Con el fin de aumentar su producción, Andrés se encuentra solicitando un crédito que invertirá en la compra de una estacionaria y dos terneras. Mejorando así sus ingresos y transformando la calidad de vida de su familia.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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

  • $11,100
    Average annual income
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,879.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Andrés De Jesús to purchase a stable and two calfs.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015