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William De Jesús
William is 35 years old. His family includes his wife and their 9-year-old son. He has always lived in the country and thus works in different sales and agricultural ventures. He has crops of corn, calves, laying hens, and a lake with fish such as trout and tilapia. In addition, he sells goods door to door and buys and sells gold and copper.

William is enterprising and hardworking. His situation has been very difficult since 2008, when he lost his right hand in a work accident. The company he worked for never paid for the surgeries he needed, so he had to take on those expenses and sue the company.

Victor has taken out 5 loans with Kiva, with the current one going towards buying fry (young fish), fish food, and also expanding his lake. In this way, he will be able to increase his sales. His main dream is to be able to have his own house and offer financial stability to his family. For this reason, he works hard to improve their income and quality of life.
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William es un hombre de 35 años de edad, su familia está conformada por su esposa y un hijo de 9 años. Él siempre ha vivido en el campo, por lo que actualmente se dedica a diversas actividades comerciales y agropecuarias, pues tiene cultivos de maíz, terneras, gallinas ponedoras, un lago con peces como truchas y tilapias, adicionalmente vende mercancía puerta a puerta, compra y vende oro y cobre. El prestatario es luchador y muy emprendedor, su situación ha sido muy difícil desde el año 2008, cuando perdió su mano derecha en un accidente laboral, pero la empresa nunca se encargó de los gastos de las cirugías, por lo que le tocó asumir esos gastos y demandar a la empresa. Víctor ya ha tenido 5 ciclos de créditos con la Corporación y con el que solicita actualmente lo invertirá en la compra de alevinos (crías de peces), comida para peces y ampliación del lago, con el fin de poder incrementar sus ventas. Su principal sueño es poder tener una casa propia y brindar una estabilidad económica a su familia, por lo que trabaja arduamente para mejorar sus ingresos y su calidad de vida.

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.

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About Colombia

  • $6,070
    Average annual income
  • 171
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,900.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,650 helped William De Jesús buy fry (young fish), fish food, and expand his fish lake.
78% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Covered