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Ángel Mauricio
Ángel, at his 53 years of age, is married and the father of one son. He has dedicated all of his productive life to farming thanks to the teachings of his family. Now he is engaged in raising pigs and has a tomato crop. With this he has managed to obtain money to provide the household expenses. The client is an active man, a worker, is vigorous, and strives every day to get ahead.

He seeks this loan with the goal of investing it in the purchase of pigs to fatten (piglets) and their food and upkeep. This will allow him to take advantage of discounts for cash payment, and to continue with the care, raising, and fattening of the pigs to sell them at a better price in the December season. In this way he will be able to increase his revenue and advance one step closer toward reaching his primary goal, which is to make his business a profitable and sustainable activity over time. This will allow him to have the economic stability to give his son a better education and improve the quality of life of his whole family.
View original language description ↓
Ángel, a sus 53 años de edad, es casado y padre de un hijo. Toda su vida productiva la ha dedicado a realizar las labores del campo, gracias a las enseñanzas de su familia. Actualmente se dedica a criar cerdos y posee un cultivo de tomate, con esto ha logrado obtener dinero para llevar el sustento a su hogar. El cliente es un hombre activo, trabajador, pujante y se esfuerza día a día para salir adelante. Solicita el crédito con el fin de invertirlo en la compra de cerdos para engorde (lechones) y el concentrado de los animales al por mayor, esto le permitirá aprovechar los descuentos por pago de contado y podrá continuar con el cuidado, cría y engorde de los cerdos para venderlos a mejor precio en la temporada de Diciembre, así podrá incrementar sus ingresos y avanzará un paso más hacia el cumplimento de sus principal meta, que es hacer de su negocio, una actividad rentable y sostenible en el tiempo, que le permita tener una estabilidad económica para darle a su hijo una mejor educación y mejorar la calidad de vida de 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

  • $6,070
    Average annual income
  • 293
    View loans »
    Colombia Loans Fundraising
  • $13,946,700
    Funds lent in using Kiva
  • 1,872.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Ángel Mauricio to purchase pigs to fatten (piglets), their food and upkeep.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 11, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014