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Gustavo De Jesús
Gustavo is 53 years old and lives in Rionegro, Columbia with his wife and three young children. He has worked in farming since he was young and learned it because it has been done in his family for a long time. He works growing blackberries, which he sells in his town market. This has become his sole source of income and it has been adversely affected by winters that have caused him to suffer financial loss.

With the goal of improving his financial stability, he is asking for a loan to buy farming supplies (manure and insecticide). He dreams of securing a decent quality of life for his family and a good education for his children.
View original language description ↓
Gustavo de 53 años de edad vive en una vereda de Rionegro, Colombia con su esposa y tres hijos menores de edad. Desde joven se dedica a las labores del campo, actividad que aprendió por tradición familiar. Se dedica al cultivo de mora, producto que comercializa en la plaza de mercado del pueblo. Esta actividad se ha convertido en su única fuente de ingresos, la cual se ha visto afectada por los inviernos que han ocasionado pérdidas monetarias. Con el fin de mejorar su condición económica se encuentra solicitando un crédito que invertirá en la compra de insumos agrícolas (abonos e insecticidas).
Sueña con garantizarles a su familia una calidad de vida digna y una buena educación a sus hijos.

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
  • 479
    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 $700 helped Gustavo De Jesús buy farming supplies (manure and insecticide).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 24, 2013
Jun 11, 2013
Currency Exchange Loss:
Jun 17, 2014