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José Delio
José is 61 years old and he has been working in agriculture and livestock for 30 years now. He spent the greater part of his productive life working for a flower-growing business and it has been about one year since he started receiving his pension. He used that money to rent a plot of land to raise juvenile cattle and dairy cattle. He also has a vegetable garden where he grows tomatoes, cilantro, onions, cabbages, peas, and beans, which he sells to his neighbors in the area. In this way, he makes enough income to cover basic expenses for his family, which is made up of his wife and four children. He is a dedicated, hardworking, and strong man. He is asking for this loan to help him continue with his work, as he will buy a dairy cow and pay off the balance of an outstanding debt. This will increase his milk production and allow him to meet the high demand for this product, which will in turn increase his family's income. José wants to keep working for his family until the very end because they are what motivates him to get up and keep striving day after day. He wants to be able to enjoy the fruits of his hard labor with the people he loves.
View original language description ↓
José tiene 61 años de edad y desde hace 30 años se dedica a la actividad de producción agropecuaria, pues la mayor parte de su vida productiva se dedicó a laborar en una empresa cultivadora de flores y, desde hace un año aproximadamente recibió su pensión, dinero con el que alquiló un lote para dedicarse a la producción de ganado de levante y lechero, además tiene una huerta donde cultiva tomate, cilantro, cebollas, coles, arveja y fríjol, productos que comercializa entre los vecinos del sector donde reside y de esta forma obtiene los recursos suficientes para solventar los gastos básicos de su familia, conformada por su esposa y 4 hijos. El cliente es un señor dedicado, trabajador y pujante. Solicita el crédito como apoyo para continuar con su labor, pues desde comprar una vaca productora de leche y adicionalmente cancelar el saldo de un crédito que tiene vigente, de esta forma ampliará su producción de leche y podrá satisfacer la alta demanda del producto, lo que se reflejará en el incremento de los ingresos familiares. José desea continuar trabajando por su familia hasta el último momento pues son ellos quienes lo motivan para levantarse y seguir luchando día a día, con el fin de poder disfrutar los frutos de su ardua labor junto a las personas que ama.

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.

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About Colombia

  • $11,100
    Average annual income
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,893,900
    Funds lent in using Kiva
  • 1,902.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped José Delio to buy a dairy cow and to pay off an outstanding debt.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013