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Duván Antonio
Duván is 21 years old and works in agriculture growing beans, peas, and potatoes on a small parcel of land that belongs to his father. He has always lived in the countryside, which is how he learned farming, thanks to instruction from his father and siblings. Duván's family is not wealthy, but they all work very hard and enjoy their work despite their difficult financial circumstances. Duván has a lot of initiative and is requesting his fourth loan to invest in buying agricultural supplies (fertilizer, seeds, fungicides) so that he can plant another crop of potatoes and sell them to bring in more income to support his family. Duván dreams of acquiring his own parcel of land in the medium term, which he would use to continue farming and improve his quality of life, offering a more comfortable life to his father and siblings.
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Duván, a sus 21 años de edad, se dedica a las labores agrícolas, pues tiene siembra de fríjol, arveja y papa criolla, en un pequeño lote que le presta su padre. El joven siempre ha vivido en el campo y es por ello que aprendió la actividad, gracias a la enseñanza de su padre y sus hermanos. Duván pertenece a una familia humilde, pero es muy trabajador y le gusta lo que hace, a pesar de la difícil situación económica que atraviesa su familia. Es un hombre emprendedor y por ello solicita su cuarto ciclo de crédito, para invetirlo en la compra de insumos agrícolas (abono, semillas, fungicidas) con el fin de sembrar otro lote de papa criolla, para luego venderlo y así generar más ingresos para apoyar el sustento de su familia. Duván sueña con tener a mediano plazo una parcela de su propiedad, donde pueda continuar realizando las labores agrícolas y así mejorar su calidad de vida y brindarle un mejor bienestar a sus padres y hermanos.

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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,876.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Duván Antonio to buy agricultural supplies (fertilizer, seeds, fungicides).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jul 21, 2013
Currency Exchange Loss:
May 22, 2014