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Cristian Camilo
Cristian is 25. He has lived in the country since he was a child, and learned agriculture from his father, who worked with livestock and crops for a living. Cristian is doing a course in pig breeding, so he has requested a loan to start his business raising and selling hogs. His goal is to apply his knowledge and generate an income to maintain his household.
He dreams of having a large pig farm and becoming the largest meat dealer in the area. With this loan, he will buy two pregnant sows and make improvements to the corrals.
View original language description ↓
Cristian tiene 25 años de edad, y desde niño ha vivido en el campo. Aprendió de las labores agrícolas y pecuarias gracias a su padre quien se dedicó a al desarrollo de estas actividades como actividad económica. En la actualidad se encuentra realizando un curso de porcicultura, razón que lo ha motivado a solicitar un crédito para iniciar su negocio dedicado a la cría y venta de cerdos, con el fin de aplicar sus conocimientos y generar ingresos para el sostenimiento del hogar.
Sueña con tener una gran marranera y convertirse en el mayor expendedor de carne en su localidad. Con el dinero solicitado desea comprar 2 cerdas preñadas y adecuaciones a corrales.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,892.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Cristian Camilo to buy two pregnant hogs and to make modifications to the corrals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014