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Nelson De Jesús
Nelson is 27 years old. He is married but does not yet have any children. He is a farmer, who from a very young age has worked in agriculture, thanks to the traditions and teachings of his father. Currently he grows coffee beans, which are harvested and sold in the market place of the town where he lives. This way, he earns enough money to cover his household expenses.

He is a thriving and hard-working man who is passionate about his work, and despite the obstacles he faces due to his lack of capital to fertilize his crops, he always looks for a way to move forward. This is why he is asking for the support of his first loan, which he wants to use to buy agricultural supplies such as compost, fungicides, pesticides, and fertilizers, in order to continue looking after his crops and fertilize them, since harvest season is approaching. This will help his crops produce more and yield a high quality product that he can sell at a higher price at the market. This will mean his income will increase and he will be able to continue paying his household bills as well as the day labourers that he works with for the fertilizing and harvesting of the crops.

Nelson dreams of expanding and strengthening his business, as it is his main source of income, with which he will be able to help his family move forward, with better living conditions and a future that is more promising and successful.
View original language description ↓
Nelson, a sus 27 años de edad, es casado y aún no tiene hijos. Es un campesino que desde muy joven se ha dedicado a las labores agrícolas, gracias a la tradición y enseñanzas de su padre. Actualmente cuenta con cultivos de café, cuya cosecha es recolectada y vendida en la plaza de mercado del pueblo donde reside; de esta manera obtiene los ingresos necesarios para llevar el sustento diario a su hogar. El cliente es un hombre pujante, trabajador, apasionado por su labor y, a pesar de los obstáculos que se le presentan debido a la falta de capital para abonar sus cultivos, siempre busca la manera de salir adelante. Es por esta razón que solicita el apoyo de su primer ciclo de crédito, con el cual desea comprar insumos agrícolas (abonos, fungicidas, pesticidas, fertilizantes), con el fin de seguir cuidando sus cultivos y abonarlos, pues ya se acerca la temporada de cosecha, lo que le ayudará para que sea más productiva y sacar un producto de muy buena calidad para venderlo a mejor precio en el mercado, de esta forma aumentará sus ganancias y tendrá la capacidad de seguir solventando los gastos de su hogar, además de pagar la nómina de los jornaleros que le colaboran en el abono y recolección de la cosecha. Nelson sueña con ampliar y fortalecer su negocio, pues es su principal fuente de ingresos, con la que podrá sacar adelante a su familia, brindándole mejores condiciones de vida y un futuro más prometedor y existoso.

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
  • 135
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,925.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nelson De Jesús to buy agricultural supplies such as compost, fungicides, pesticides, and fertilizers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014