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Carlos Andrés
Carlos, 30, has spent part of his productive life working as an employee on a flower farm in the region where he lives; he works there every day from 6am until 2pm. In addition, he also cares for his own hortense flower crop that he’s had for about two years and that produces extra income for him to support his family and one-year-old son.

His drive, perseverance and wish to succeed impel him to seek alternatives that will support his growth process and this is why he’s asking for the loan that he’ll use to pay off a debt he has with suppliers and to pay off another pending loan. This will make it possible for him to have cash on hand to face his main challenge which is managing his client portfolio because they pay him every three months but his micro-business has expenses that don’t wait, they arrive monthly affecting his business’ bottom line.

Carlos wants to continue striving to move his work forward once more and be able to access the possibility of expanding his crops, acquiring more customers and offering employment opportunities. In this way, he’ll be more profitable and generate higher income to ensure his family’s improved well-being and quality of life.
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Carlos es un campesino de 30 años de edad que, durante su vida productiva se ha dedicado a trabajar como empleado en un cultivo de flores en una finca de la región donde reside, allí labora todos los días de 6:00 am a 2:00 pm; adicionalmente alterna su trabajo, cuidando su propio cultivo de hortensias, el cual posee hace aproximadamente 2 años y con el que complementa los ingresos para llevar el sustento a su familia y a su pequeño hijo de 1 año de edad. Su empuje, perseverancia y las ganas de salir adelante, lo impulsan para buscar alternativas que apoyen su proceso de crecimiento, por esta razón solicita el crédito, con el cual pagará una deuda a sus proveedores y cancelar el saldo de un crédito que tiene vigente; esto le permitirá tener capital disponible para enfrentar su principal desafío que es el manejo de cartera, pues sus clientes pagan a 3 meses, pero los gastos de su microempresa no dan espera, llegan cada mes, afectando la rentabilidad de su negocio. Carlos desea seguir luchando para sacar adelante nuevamente su labor y así poder acceder a la posibilidad de ampliar sus cultivos, adquirir más clientes y brindar oportunidades de empleo; de esta manera podrá tener más rentabilidad y además generará mayores ingresos para garantizar a su familia un mejor bienestar y calidad de vida.

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
  • 411
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,881.6
    Colombia Pesos (COP) = $1 USD
A loan of $5,325 helped Carlos Andrés to pay off debts.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013