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Yergly Johan
Johan is 21 years old and already has a 1 year old son. He lives in a free union with his partner. When he was a child, he started learning how to work the fields and how to grow coffee thanks to the teachings of his father and aunts and uncles. Due to illness, his father couldn't continue to maintain his business. For this reason, Johan has been growing coffee on the farm where he lives since he was 12 years old. He currently has 2,000 coffee trees. When it's time to harvest, he hires various people to help him with the work. Later, he sells his harvest and in this way obtains income for his family.

Johan is an energetic, active, dedicated, and hardworking man. He is always looking for ways to help him progress. This is why he is asking for his first loan; so he can pay those that he hires to help him with the harvest. This will allow him to protect his crop form rust fungus, which is the main threat to his business. He will also continue to hire workers for his new harvests. He will be able to strengthen his crops and obtain a good quality harvest which can be sold for a high price. In this way, he will have more opportunities to increase his income, buy his own house as soon as possible and offer his young son an excellent education and quality of life.
View original language description ↓
Johan a sus 21 años de edad ya es padre de un hijo de 1 año y vive en unión libre con su pareja. Desde que era niño, él comenzó a aprender las labores del campo y sobre los cultivos de café, gracias a las enseñanzas de su padre y sus tíos, pero, por una enfermedad, su padre no pudo continuar cuidando su negocio, es por ello que desde hace 12 años Johan se dedica a cuidar los cultivos de café que tiene en la finca donde vive y ahora cuenta con 2000 palos del grano que son de su propiedad. Cuando se va a realizar la cosecha, contrata varias personas para que lo apoyen con esta labor, para luego ser vendida y así consigue el sustento para su familia. Johan es un hombre enérgico, activo, dedicado y luchador, siempre está en busca de opciones que le permitan salir adelante, es por eso que solicita su primer crédito, con el fin de invertirlo en la compra de abonos y fertilizantes para los cultivos de café y para pagar la nómina de las personas que le colaboran en la cosecha, con esto podrá proteger sus cultivos de la roya que es la principal amenaza de su negocio y podrá seguir contando con el personal para nuevas cosechas. Con esto, logrará fortalecer sus cultivos y sacar una cosecha de muy buena calidad que pueda ser vendida a un mayor precio y así tendrá más oportunidades de aumentar sus ingresos para comprar su casa propia en un corto plazo y brindarle una excelente educación y bienestar a su pequeño hijo.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,253,675
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Yergly Johan buy manure and fertilizer for his coffee crop and pay his workers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014