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José Antonio
José is a 51 year old farmer. Throughout his productive life he has farmed and raised livestock. But because of the difficulties that occur in these activities he decided to change his field to growing flowers.

Today he has 22,000 flowers plants and he has 6 employees, laborers and production workers, some of whom are members of his family. The flowers are harvested and sold to various international distributors. In this way he generates enough revenues to support his household, made up of his wife and two children. His perseverance, drive, strength and dedication have allowed him to overcome the various challenges that have occurred. In particular the fluctuations in the market price of the flowers and the high cost of agricultural supplies which he uses to protect his crops.

He has been able to manage these crisis and move forward, motivated by his family and his work. He has found the loan is one kind of support to assist him. José is requesting his fourth loan which he'll use to repair the vehicle he uses for transportation to sell the flowers. This will allow him to speed up delivery times for his product, increasing his sales and notably increasing his profits. Then he can continue to support his family and continue investing in the growth and strengthening of his business.

José dreams of taking advantage of the empty space he has on his farm and plant a greater number of bushes, having more regular clients and making his business more sustainable and profitable. Then he'll have the opportunity to offer his family a better quality of life.
View original language description ↓
José es un campesino de 51 años de edad que, durante su vida productiva se ha dedicado a la agricultura y la ganadería pero, por las dificultades que se presentaban con estas actividades, decidió cambiar su labor por la floricultura y hoy en día posee cultivos con 22.000 matas de hortensias, cuenta con el apoyo de 6 empleados directos entre operarios y maquilladoras, algunos de ellos son miembros de su familia; las flores son cosechadas y vendidas a diferentes comercializadoras internacionales, de esta manera genera los recursos suficientes para llevar el sustento a su hogar, conformado por su esposa y sus dos hijos. Su perseverancia, empuje, fortaleza y dedicación le han permitido sobrepasar diversos obstáculos que se le han presentado, especialmente los que son generados por la inestabilidad en el precio de venta de las flores y los costos altos de los insumos agrícolas con los que cuida sus cultivos. Sin embargo ha sabido manejar estas crisis y ha salido adelante, motivado por su familia y su labor y, ha encontrado en el crédito una opción de apoyo para hacerlo. Por ello, solicita su cuarto ciclo crediticio con el que desea reparar el vehículo en el que transportan las flores para su comercialización, esto le permitirá agilizar los tiempos de entrega del producto y podrá aumentar sus ventas, mejorando notablemente sus ingresos, con los que continuará llevando el sustento a su hogar y podrá seguir invirtiendo en el crecimiento y fortalecimiento de su negocio. José sueña con aprovechar todo el espacio que tiene disponible en su finca y sembrar más cantidad de matas, tener unos clientes más estables y hacer de su actividad una empresa más rentable y sostenible en el tiempo, para así tener la oportunidad de dar a su familia una mejor 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,933.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,575 helped José Antonio to repair the vehicle he uses to sell his flowers.
53% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
Possible