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Francisco Antonio
Francisco is 46 years old, married, and the father of a son. During his productive life he has worked as an employee in various roles on farms in different parts of the small town. For the past 10 years he has had experience in the breeding and selling of pigs, and due to that, he wishes to start his own business to generate additional income for his family.

He has the advantage that a friend will lend him a pig pen, and for that reason he was inspired to request the loan, which will be invested in the purchase of pigs for breeding and fattening, and feed for them. In this way he will have the possibility of fattening the pigs for December which is getting closer; it is the best time to sell them at the best price, thereby increasing the profit margin for every sale.

Francisco is a thriving, active, hard-working man, and he goes to a lot of effort to move his family forward. He dreams of being able to have around 100 pigs, in order to raise them and have a staggered production that guarantees him the constant entrance of resources. In that way he will have the possibility of offering a better quality of life for his family and a good education for his son.
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Francisco, con 46 años de edad, es casado y padre de un hijo. Durante su vida productiva se ha dedicado a laborar como empleado de oficios varios en fincas de diferentes veredas del corregimiento. Desde hace 10 años cuenta con experiencia en la cría y comercialización de cerdos y, debido a ello, desea iniciar su propio negocio para generar ingresos adicionales para su familia. Cuenta con la ventaja de que un amigo le prestará una marranera y por esto se anima a solicitar el crédito, que será invertido en la compra de lechones para cría y engorde y el concentrado para alimentarlos, de esta manera tendrá la posibilidad de engordar los cerdos para la temporada decembrina que se aproxima, pues es la mejor época para venderlos a un mejor precio, aumentando así, el margen de ganancia por cada venta. Francisco es un hombre pujante, activo, trabajador y se esmera por sacar adelante su familia; él sueña poder tener alrededor de 100 cerdos de engorde, para criarlos y tener una producción escalonada que le garantice la entrada constante de recursos, así tendrá la posibilidad de ofrecer a su familia una mejor calidad de vida y una buena educación para 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 164
    View loans »
    Colombia Loans Fundraising
  • $12,812,550
    Funds lent in using Kiva
  • 1,897.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Francisco Antonio to buy pigs for breeding and fattening, and feed for them.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014