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Mauricio
Mauricio is 28 years old. He is married and has a 4 year old son. He comes from a country family who have traditionally been farmers and, thanks to them, today he has potato, avocado and pea crops, which he sells in the market square of the town where he lives.

Mauricio is responsible, strong, hard-working and dedicated to his family and his work. Every day he fights against the problems and obstacles he meets such as the high cost of farming supplies and the changing climate which damages his crops, so he is always looking for new options which let him support his family.

He is currently asking for a loan as support, to invest in buying the farming supplies he needs (manure, fungicides, insecticides and fertilizers) which he uses to protect his crops so he can harvest high-quality products and sell them for better prices in the market. This will increase his income and he will be able to invest more to fulfil his dream of increasing his avocado crop and thereby keep paying for the needs and basic upkeep of his home, improve his standard of living and give his son an excellent education.
View original language description ↓
Mauricio, a sus 28 años de edad, es casado y padre de un hijo de 4 años. Viene de una familia campesina que por tradición se han dedicado a las labores agrícolas y, gracias a ello, hoy en día posee cultivos de papa criolla, aguacate injerto y arveja, cuyas cosechas son vendidas en la plaza de mercado del municipio donde reside. Mauricio es un hombre responsable, pujante, trabajador y dedicado a su familia y a su labor, diariamente lucha contra las adversidades y obstáculos que se le presentan como los altos costos de los insumos agrícolas y el clima cambiante que daña los cultivos, por lo que siempre está en busca de nuevas opciones que le permitan sacar adelante a su familia. Actualmente solicita el crédito como apoyo, para invertirlo en la compra de los insumos agrícolas necesarios (abonos, fungicidas, larvicidas y fertilizantes) con los cuales cuida sus cultivos para poder cosechar productos de buena calidad y poderlos vender a mejor precio en el mercado, lo que incrementará sus ingresos y podrá invertir más para cumplir el sueño de ampliar el cultivo de aguacate y así seguir solventando las necesidades y gastos básicos de su hogar, mejorar las condiciones de vida y brindar una excelente educación a su 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.

About Colombia

  • $11,100
    Average annual income
  • 501
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,883.1
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,875 helped Mauricio to buy the farming supplies he needs (manure, fungicides, insecticides and fertilizer).
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Covered
Expired:
Sep 14, 2013