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Humberto De Jesús
Humberto is 47 years old, married, and has two children. He has always lived in the country, and, thanks to his family, he learned to cultivate a variety of plants and to tend livestock. Due to a lack of education and employment opportunities, he has decided to start his own business, for which he is requesting a loan to purchase a dairy cow and agricultural supplies (seed, fertilizer, fungicides, etc.). With this he will plant a vegetable crop that will allow him to generate income in order to provide for the basic needs of his family. Humberto dreams of having a tiered plantation of crops, selling his produce that he harvests, and thus being able to provide for a better education for his two children and a better quality of life for his family.
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Humberto, a sus 47 años de edad es casado y padre de 2 hijos. Siempre ha vivido en el campo y gracias a su familia aprendió a cultivar diversos productos y a cuidar animales. Por falta de educación y de oportunidades laborales, ha decidido emprender su propio negocio, para lo cual solicita su primer crédito, con el fin de invertirlo en la compra de una vaca productora de leche y en insumos agrícolas (semillas, abono, fungicidas) para realizar una siembra de hortalizas, que le permita generar ingresos para satisfacer las necesidades básicas de su familia. Humberto sueña con tener una plantación escalada de cultivos, vender los productos que cosecha y así poder brindar una mejor educación a sus dos hijos y ofrecer bienestar y calidad de vida a toda la 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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,876.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Humberto De Jesús purchase a dairy cow and agricultural supplies (fertilizer, pesticide, fungicide, seeds).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 21, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014