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William De Jesús
William is a 55-year-old farmer who works in milk production, continuing the family tradition. He has been working in this area for over 10 years, and this has allowed him to provide for his family and give them the opportunity to study. He sells the milk to a dairy company that operates in the area. As he would like to improve his earnings, he has decided to request a loan to buy a cow. He dreams of increasing the quantity of livestock he has and improving his family’s quality of life.
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William de 55 años de edad, es un campesino dedicado a la producción lechera por tradición familiar. Lleva más de 10 años realizando la actividad, la cual le ha permitido sacar adelante a sus tres hijos y brindarles la oportunidad de estudiar. La leche es comercializada a una empresa de lácteos de la región. Con el ánimo de mejorar sus ingresos se encuentra solicitando un crédito que invertirá en la compra de una vaca. Sueña con aumentar su ganado y mejorar la calidad de vida de su grupo familiar.

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.

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About Colombia

  • $6,070
    Average annual income
  • 299
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,901.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped William De Jesús to buy a cow.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014