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Deiver Fernando
Deiver is a 38-year-old farmer. He is married and father to 2 children. He was born into a very humble family of farmers. Since he was little he has known all the work on the farm, as it’s a family tradition.

He was an employee on a dairy farm for a while and later became a supervisor on another farm in the region. He applies all his knowledge of agriculture there. In addition, he works for himself; he has livestock on his brother’s farm. He takes care of and fattens the animals in order to later sell them to supplement his income to support his family. He is a driven, active and vigorous man. His perseverance has allowed him to follow new options to come out ahead, motivating him to request his sixth loan.

The loan will be to purchase more cattle and to pay off a loan that is current. This will allow him to increase his working capital and production. With this loan he will manage to improve his sales and income that he receives.

Deiver dreams of strengthening and expanding his business, generating new employment opportunities and improving the quality of life to enjoy with his wife and children; for a better well-being.
View original language description ↓
Deiver es un campesino de 38 años de edad, casado y padre de 2 hijos. Nació en el seno de una familia campesina muy humilde y desde pequeño conoció todas las labores del campo, pues es una tradición familiar; hace algún tiempo trabajó como empleado en una finca lechera y luego pasó a ser mayordomo de otra finca de la región, allí aplica todos sus conocimientos en las labores agrícolas; adicionalmente trabaja como independiente, pues posee ganado de levante ubicado en la finca de una hermano allí cuida y engorda los animales para luego venderlos y así complementar su salario para llevar el sustento a su familia. El cliente es un hombre pujante, activo y luchador, su perseverancia le ha permitido conseguir nuevas alternativas para salir adelante, es por ello que se motiva a solicitar su sexto ciclo de crédito; el dinero será destinado para la compra de más ganado de levante y para cancelar el saldo de un crédito que tiene vigente; esto le permitirá aumentar su capital de trabajo y aumentar su producción, con esto logrará mejorar las ventas y los ingresos que recibe por ellas. Deiver sueña con fortalecer y ampliar su negocio, generando nuevas oportunidades de empleo y mejorar la calidad de vida para disfrutar al lado de su esposa e hijos, de un mejor 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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $2,675 helped Deiver Fernando to purchase more cattle and to pay off a loan that is current.
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 28, 2013