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Oliver Armando
Oliver, 25, works in agriculture. He was born into a humble family of farmers that spent their entire lives working in the fields. Thanks to this, today he works raising pigs that he buys when they are little, feeds them and then sells them either live or by the kilo according to his customers’ requirements. This is how he earns income for his family’s daily support.

His drive, tenacity, perseverance and dedication are characteristics that impel him to reach the goals he sets for himself. This is why he’s asking for a loan to buy more piglets to raise and fatten up which will lead to increased production to meet demand that rises during the Christmas season that’s approaching when pork consumption increases.

This will produce a significant increase in the profits he earns from his work and Oliver will be able to continue making progress and moving forward alongside his wife and in the future have the possibility of making his business well-known to enjoy better living conditions and well-being.
View original language description ↓
Oliver es un campesino de 25 años de edad, nacido en el seno de una familia campesina y humilde que durante toda la vida se dedicaron a las labores del campo; gracias a ello, hoy en día se dedica a la cría y engorde de cerdos, los cuales compra desde pequeños, los alimenta y luego los vende en pie o por kilos, según el requerimiento de sus clientes; de esta actividad provienen los ingresos con los que lleva el sustento diario a su familia. Su pujanza, tenacidad, perseverancia y empuje son características que lo impulsan para lograr los objetivos que se propone, por ello solicita el apoyo del crédito, pues con el dinero desea comprar más lechones para cría y engorde, esto le permitirá aumentar su producción y abastecerse para satisfacer la demanda que aumenta con la temporada de navidad que se aproxima, época en la que se incrementa el consumo de este tipo de carne; dando como resultado una mejoría notable en el margen de utilidades que percibe por su labor. De esta manera Oliver podrá seguir avanzando y progresar al lado de su esposa, y, en un futuro tendrá la posibilidad de acreditar su negocio y disfrutar de mejores condiciones de vida y 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.

About Colombia

  • $11,100
    Average annual income
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Oliver Armando to buy piglets to raise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 28, 2013
Oct 30, 2013
Currency Exchange Loss:
Aug 30, 2014