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José Eliécer
Jose, 35, lives in the country and has worked the land all his life through agriculture and cattle-raising. He learned these skills from his family when he was a child and adolescent. Currently, he works on a parcel of land in the town where he lives. There, he does a variety of work and independently raises cattle. What he produces is sold so he can complement the income from his current job. Jose is thriving, active and dynamic. His persistence and positive attitude motivate him to seek new alternatives to keep advancing.

For this reason, Jose is requesting a loan to buy more cattle to raise and milk. This will allow him to increase production and offer more products for sale. He will be able to complement his income with the income he makes for household expenses. Jose dreams of starting his own hydrangea crop in order to move into another commercial crop and, therefore, have a more successful business. This is important because his family's well-being and economic stability depends on him.
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José es un campesino de 35 años de edad, que durante toda su vida productiva se ha dedicado a realizar labores del campo como la agricultura y la ganadería, actividades que aprendió al lado de su familia, durante su infancia y adolescencia. Actualmente trabaja en una parcelación del municipio donde reside, allí realiza diversas labores y oficios varios y, de manera independiente, posee ganado de levante cuya producción es vendida para complementar los ingresos que recibe en su empleo actual. El cliente se caracteriza por ser pujante, activo y dinámico, su persistencia y actitud positiva lo llevan a buscar nuevas alternativas para seguir avanzando; por ello solicita el apoyo de un crédito con el que desea comprar más ganado de levante y lechero, con lo que podrá aumentar su producción y ampliar la oferta de productos, pues podrá complementar los ingresos que recibe y con los que lleva el sustento diario a su hogar. José sueña con poder iniciar su propio cultivo de hortensias, con lo que podrá incursionar en otro campo comercial y así generar una mejor rentabilidad en sus negocios, pues de ellos depende el bienestar y la estabilidad económica de su familia.

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
  • 403
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,916.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped José Eliécer buy buy more cattle to raise and milk.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 23, 2013
Currency Exchange Loss:
Jul 17, 2014