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Oscar Narcizo
Oscar, 44, is a farmer who has been buying and selling cattle for more than 10 years, an activity that’s made it possible for him to provide better living conditions for his family. He rises very early every day to start his chores and then head into town seeking new customers.

One of his greatest dreams it to buy a bigger piece of land to improve the conditions for his animals. He’s currently looking for a loan to buy calves to raise so he can put them out to graze and then sell them at a better price. Oscar hopes to increase his income and get a larger number of animals to guarantee economic stability for his family.
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Oscar de 44 años de edad, es un campesino dedicado a la compra y venta de ganado desde hace más 10 años, actividad que ha permitido ofrecerle a su familia mejores condiciones de vida. Diariamente se levanta muy temprano para iniciar su faena y posteriormente se dirige al pueblo en búsqueda de nuevos clientes.
Uno de sus mayores sueños es comprar un lote más grande para mejorar las condiciones de sus animales. En la actualidad se encuentra en búsqueda de un crédito con el que comprará terneros de levante con el fin de pastarlos y venderlos a un mejor precio.

Oscar espera aumentar sus ingresos y conseguir un mayor número de ganado con el fin de garantizarle a su grupo familiar una condición económica estable.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,907.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Oscar Narcizo to buy calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 11, 2013
Currency Exchange Loss:
May 22, 2014