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Juan Carlos
Juan is a 38-year-old farmer who is married and has three children. He learned about farming when he was very young and six years ago he began growing coffee and raising sheep cattle and pigs. He has a very good infrastructure set up on his small farm where he lives with his family. He is known for his strength and love of work which he does every day of the week from the early morning hours. This allows him to generate enough economic resources to support his family.

Currently, he is requesting a loan to buy nine gestation pens for his pigs so he can increase production and meet the demand for suckling pigs for the Christmas season. This will make his business more profitable, having a positive effect on the family economy and lifestyle.
View original language description ↓
Juan es un campesino de 38 años de edad, casado y padre de 3 hijos. Desde muy joven aprendió todas las labores del campo y, hace 6 años es propietario de cultivos de café, ganado bovino y porcino, para lo cual posee muy buena infraestructura en una pequeña finca donde vive con su familia. Se caracteriza por su pujanza y su gran amor al trabajo, que desarrolla durante todos los días de la semana desde las primeras horas de la mañana, pues de esa manera genera los recursos económicos con los que ha podido sacar adelante a su familia. Actualmente solicita el crédito para invertirlo en la compra de 9 salas de gestación para las cerdas, lo que le permitirá ampliar su ciclo productivo, lo que permitirá que su producción aumente y así satisfacer la demanda de lechones que se incrementa en la temporada navideña que se aproxima. Todo esto se reflejará en los buenos resultados de su negocio y afectará positivamente la economía de la familia, lo que ayuda a mejorar la calidad de vida y el bienestar.

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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,632,075
    Funds lent in using Kiva
  • 1,880.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Juan Carlos to buy nine pig gestation pens to increase production.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014