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Marco Fidel
Marco, at the age of 49, is married and the father of six children. He was born and grew up in the countryside, where he learned all types of agricultural work. Thanks to that, he now has crops of beans and capira potatoes. In addition, he alternates his work in the fields with selling fruits and vegetables in the communities near the town where he lives. He buys these products wholesale in the market in the town of Sonsón, and then he distributes them in other towns and communities in eastern Antioquia. In this way he supplements the income he receives to support his family.

This borrower is a vigorous man, hard-working, humble, and persevering. He always wants to give the best to his family, and so he works untiringly to achieve it. He is applying for the loan with the goal of investing it in a stock of fruits and vegetables (bananas, potatoes, and other vegetables, among other items) wholesale in order to have a greater variety of products on hand to offer his customers, satisfying their varied needs. This will be reflected in an increase in his sales and will positively affect the inflow of economic resources to give his family better living conditions and well being. All this will allow Marco to continue advancing so that in the future he can complete his dream of selling the products that he harvests in the plaza of the market in the city of Medellín. In addition, he wants to be able to enjoy the fruits of his hard work at the side of his wife.
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Marco, a sus 49 años de edad, es casado y padre de seis hijos. Nació y creció en el campo, donde aprendió todas las labores agrícolas, gracias a ello, hoy en día posee cultivos de fríjol y papa capira; adicionalmente alterna su labor en el campo con la comercialización de frutas y verduras en los municipios cercanos al pueblo donde reside, estos productos los compra al por mayor en el mercado del municipio de Sonsón y luego los distribuye en otros pueblos y municipios del oriente antioqueño, de esta manera complementa los ingresos que recibe para dar el sustento a su familia. El cliente es un señor pujante, trabajador, humilde y perseverante, siempre quiere dar lo mejor a su familia, por lo que lucha incansablemente para lograrlo. Solicita el crédito con el fin de invertirlo en la compra de surtido de frutas y verduras al por mayor (plátanos, papa, hortalizas, entre otros) para tener gran variedad de productos disponibles para ofrecer a sus clientes, satisfaciendo las diversas necesidades. Esto se reflejará en el incremento de sus ventas y afectará positivamente la entrada de recursos económicos para dar a su familia mejores condiciones de vida y bienestar. Todo esto le permite a Marco seguir avanzando para que en un futuro pueda cumplir el sueño de comercializar los productos que cosecha, en la plaza de mercado en la ciudad de Medellín, además desea poder disfrutar al lado de su esposa los frutos de su ardua labor.

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
  • 489
    View loans »
    Colombia Loans Fundraising
  • $15,258,975
    Funds lent in using Kiva
  • 1,884.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Marco Fidel to buy a stock of fruits and vegetables (bananas, potatoes, and other vegetables, among other items) wholesale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014