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Edwin
Edwin is 26 years old, married, and is the father of three children (ages 1, 6, and 9). He was raised on a farm where his parents taught him everything about agricultural work. Thanks to the knowledge he gained, he now grows beans and peas on a plot of rented land. He works every day. Due to his financial condition, he also works on neighboring farms in order to complement his daily income and support his household.


Edwin has experienced very difficult economic situations since he had his first child at a very young age. However, he is not deterred by adversity and gradually has been able to move his family forward. He is requesting a loan so that he can invest in the purchase of farming supplies (compost, fungicides, and pesticides) in order to fertilize his crops and have a good yield of crops that he can sell for more income.


Edwin dreams of having his own parcel of land for crops and some property of his own so that he can have financial stability. This will enable him to provide a better education for his children and an improved quality of life for his household.

View original language description ↓
Edwin, a sus 26 años de edad ya es casado y padre de tres hijos de 1, 6 y 9 años; fue criado en el campo, donde sus padres le enseñaron todas las labores agrícolas y, gracias a ello actualmente posee cultivos de fríjol y arveja en un terreno arrendado, realiza las labores por días, ya que por cuestiones económicas debe emplearse en fincas vecinas para complementar sus ingresos diarios y llevar el sustento a su hogar. Edwin ha pasado por situaciones económicas muy difíciles, debido a que tuvo su primer hijo siendo muy joven, pero no se detuvo ante las adversidades y poco a poco ha podido sacar a su familia adelante. Solicita el crédito con el fin de invertirlo en la compra de insumos agrícolas (abonos, fungicidas, pesticidas) para reabonar sus cultivos y poder tener una buena cosecha para venderla y obtener más ingresos. Edwin sueña con tener una parcela con cultivos, en un terreno propio, que le permita tener una estabilidad económica, brindarle una buena educación a sus hijos y mejorar la calidad de vida en su hogar.

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
  • 479
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,885.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Edwin to buy compost, fungicides, and pesticides.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 23, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014