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Jorge Edilberto
Jorge Edilberto is a 47-year-old gentleman who is the father of three children. He and his spouse are in a common-law relationship. From a young age, Jorge has acquired experience in farming activities. He currently grows cassava, avocados, and bananas. Jorge also has cattle and fattened pigs to sell, which generate income to sustain his household.

This dedicated and hardworking man always strives to help his children get ahead. For this reason, he was motivated to request a loan from Interactuar because he wants to repair a corral, buy feed for his animals, and acquire more cows. In the end, he hopes to generate more income so that he will have financial stability. His main goal is to buy more land for raising more animals and growing more crops. This will enable him to provide for the welfare of his entire family and improve their quality of life.

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Jorge Edilberto es un hombre de 47 años de edad, padre de 3 hijos y vive en unión libre con su pareja. Desde joven ha adquirido experiencia en la actividad agropecuaria y, actualmente se dedica a cultivar yuca, aguacate y plátanos, tiene ganado y engorda cerdos para la venta, con esto ha logrado obtener ingresos para el sustento de su hogar. Es un señor trabajador y dedicado, siempre luchando para sacar a sus hijos adelante, por eso se motiva para solicitar el crédito con la Corporación y desea invertirlo en arreglar el corral, comprar alimento para los animales y comprar más vacas, con el fin de generar más ingresos para tener una estabilidad económica. Su principal sueño es comprar más terreno para poder criar más animales y tener más cultivos y así poder brindar bienestar y mejor calidad de vida a toda su familia.

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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,900.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Jorge Edilberto to repair a corral, buy animal feed, and acquire more cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 17, 2013
Currency Exchange Loss:
Jul 17, 2014