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José Antonio
José, 45, is a farmer who lives in the El Guamito community in the town of La Ceja, Colombia. He learned about agriculture and ranching from the age of nine. He worked for several years as a foreman until he decided to work on his own. Currently he makes a living in dairy, which has become his economic activity.

He dreams of guaranteeing his family access to a college education, especially his two children.

This has motivated him to request a loan to invest in buying a dairy cow to increase his production and realize his dreams.
View original language description ↓
José es un campesino de 45 años de edad, radicado en la vereda el Guamito del municipio de la Ceja, Colombia. Desde los nueve años aprendió sobre la actividad de la agricultura y la ganadería. Trabajó por varios años como mayordomo, hasta que tomó la decisión de independizarse. En la actualidad se dedica a la lechería, la cual se ha convertido es su actividad económica. Sueña con garantizarle a su familia, especialmente a sus dos hijos el acceso a la educación superior, Razón que lo ha motivado a solicitar un crédito que invertirá en la compra de una vaca lechera para aumentar su producción y alcanzar sus sueños.

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

  • $6,070
    Average annual income
  • 187
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,899.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,075 helped José Antonio to buy a dairy cow.
78% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 30, 2013
Currency Exchange Loss: