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Jaider Alonso
Jaider is a 34-year-old peasant and was born into the heart of a humble country family. Within the family he learned everything about agriculture and looking after animals. Thanks to this Jaider now has yam, yucca and corn crops on his own farm. There he brings in the harvest and sells it at the regional market. In addition to this work, Jaider also works every day as a labourer and, through this, earns enough money to support his only son and pay for basic necessities in the home. Following a separation from his wife, Jaider is responsible for all financial burdens. Jaider is persevering, shrewd and strong. He is always looking for alternative ways in which to prosper and so is applying for a loan with which to buy farming supplies (manure, poisons, fertilisers, and fungicides) in bulk, and to pay to clean the yucca harvest. This will allow Jaider to improve his crops notably and he will be able to have a bigger yield at harvest, generating and higher income for the country's economy. Jaider only wants to continue working hard in order for his business to become more profitable and so that he is able to provide his son with a better upbringing, better well-being, and a higher quality of life.
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Jaider es un campesino de 34 años de edad, nació en el seno de una familia humilde campesina, en la que aprendió todo lo relacionado con la agricultura y el cuidado de los animales, gracias a ello, hoy en día posee cultivos de ñame, yuca y maíz, ubicados en su propia finca, allí recolecta las cosechas y las comercializa en el mercado de la región; adicionalmente alterna su labor como independiente trabajando diariamente como jornalero, de esta manera, genera los recursos económicos suficientes para brindar el sustento a su único hijo y solventar las necesidades básicas de la casa, ya que toda la carga económica recayó sobre él, tras la separación con su esposa. Se caracteriza por ser un hombre pujante, perseverante y sagaz, siempre está buscando nuevas alternativas que le permitan salir adelante, por ello solicita el apoyo del crédito, con el que comprará insumos agrícolas al por mayor (abonos, venenos, fertilizantes, fungicidas) y pagar la limpieza de la cosecha de yuca, esto le permitirá mejorar notablemente sus cultivos y podrá tener una cosecha más productiva, generando mejores ingresos para la economía del país. Jaider solo desea seguir trabajando arduamente para lograr que su negocio sea más rentable y tener la capacidad para brindar a su hijo una mejor educación, 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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Jaider Alonso to buy farming supplies (manure, poisons, fertilisers, and fungicides) in bulk, and to pay to clean the yucca harvest.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014