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Jhony Alexander
Jhony is 20 years old and is a hardworking young man who has been able to progress his life through his efforts and passion for the countryside. He has two jobs, the first of which is working as a construction assistant. His other job involves taking care of his cattle. He learned both of these trades from his grandparents, who have lived most of their lives in rural areas.

Currently, he is asking for a loan to buy beef cattle so he can focus completely on this job. He dreams of increasing his head of cattle and paying his family back for the years of sacrifice and care that they have given him.
View original language description ↓
Jhony de 20 años de edad, es un joven emprendedor, con su esfuerzo y pasión por el campo ha logrado sacar su proyecto de vida adelante. Desarrolla dos actividades simultáneas, en la primera labora como ayudante de construcción y en la segunda se dedica a cuidar de su ganado. Aprendió de estas actividades gracias a sus abuelos quienes han residido la mayor parte de su vida en la zona rural. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de ganado de levante, con el fin de dedicarse por completo a esta actividad. Sueña con aumentar su cabeza de ganado y retribuirle a su familia años de sacrificios y cuidados hacia él.

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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,907.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Jhony Alexander buy cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014