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Robeiro
Robeiro is a 50-year-old farmer. He is married and the father of two children. Since he was a kid, his father taught him everything related to the country life. Thanks to this, he is now able to generate the income that his family needs. A friend of his helps him to grow "papa criolla" [a small, yellow kind of potato] and beans in a piece of land he rents. He also owns two milk cows and sells the milk, receiving an additional income with which he covers some home expenses and pays his son for the hay and the concentrated feed they eat.

He is known to be persistent, tenacious, dedicated to his job, and to do it with love. He is requesting support with this loan, with which he will buy two milk cows, which will result in an increase in his production and a significant improvement of his family’s income. Robeiro says that his main interest is to continue fighting for his family’s well-being, which is why he will continue to work hard in order to make his dream come true: to buy his own piece of land where he can grow his produce and can raise his animals. This will result in financial stability and better living conditions for his family.
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Robeiro es un campesino de 50 años de edad, casado y padre de dos hijos. Desde que era niño su padre le enseñó todas las labores del campo y, gracias a ello, hoy en día puede generar ingresos para el sustento familiar; actualmente posee cultivos de papa criolla y fríjol en un lote arrendado que se los administra un amigo, además posee dos vacas productoras de leche cuyo líquido es vendido para complementar los ingresos familiares y para pagar a su hijo un porcentaje por el pasto que consumen y el concentrado con el que son alimentados. Se caracteriza por su empuje, tenacidad, su entrega y por el amor con el que realiza su labor diariamente. Solicita el apoyo del crédito con el que comprará dos vacas productoras de leche, así tendrá la posibilidad de incrementar su producción y las ventas, dando como resultado una mejora notable en la entrada de ingresos económicos para su familia. Robeiro manifiesta que su mayor interés es seguir luchando por el bienestar de los suyos y por ello seguirá trabajando arduamente para llegar a cumplir el sueño de adquirir una parcela propia en la que pueda cultivar sus productos y pueda tener sus animales, logrando tener una estabilidad económica favorable para dar a su familia un mejor bienestar y condiciones 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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,916.1
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,625 helped Robeiro to buy two milk cows.
52% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible