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Diego De Jesús
Diego, 46, has two children and lives in a common-law marriage. He has lived all his life in the countryside, where he learned to work in agriculture, especially with sugar cane. This is because it is the main economic activity of this region and because it is his family’s business.

Diego is currently working for a panela mill [unrefined whole cane sugar] . He also takes care of his own plantation where he works during the weekends, since he has to follow the mill’s timetable. This is why he has to hire day laborers that help him with the maintenance activities. His income comes from his work at the mill and from growing and selling the cane (to the same mill where he works). This way, he can make enough to maintain his family.

Diego is requesting a loan to buy agricultural supplies (compost, fertilizers and pesticides) in order to continue taking care of his plantation and to pay for the labor. His dream is to expand his plantations and make them more productive, so that he can give his family more financial stability, give his children a better education and improve the whole family’s quality of life.
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Diego, con 46 años de edad es padre de 2 hijos y vive en unión libre con su pareja. Toda su vida la ha pasado en el campo, donde aprendió las labores agrícolas, especialmente con cultivos de caña de azúcar, debido a que la región donde reside se dedica básicamente a esa labor, además su familia también es de cañicultores. Actualmente, Diego labora en un trapiche panelero, actividad que alterna con el cuidado de los cultivos de caña de su propiedad, en los cuales trabaja los fines de semana, pues debe cumplir con el horario d trabajo en el trapiche, por esa razón debe contratar jornaleros para que lo apoyen con el cuidado de los cultivos. Los ingresos que obtiene son el resultado del salario del trapiche y de la venta de la cosecha de caña, la cual vende en el mismo trapiche donde trabaja, esto le permite tener los recursos para llevar el sustento diario a su hogar. El crédito que solicita, desea invertirlo en la compra de insumos agrícolas (abonos, fertilizantes y pesticidas) para continuar con el cuidado de su cultivo y pagar la nómina de los jornaleros que contrata. Diego sueña con ampliar sus cultivos, que sean óptimos y que le permitan brindarle una estabilidad económica a su familia, mejor educación a sus hijos y mejorar la calidad de vida de todos.

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

  • $6,070
    Average annual income
  • 285
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Diego De Jesús to buy agricultural supplies (compost, fertilizers and pesticides).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015