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Gabriel Alonso
Gabriel is a 42 year old married farmer with 2 children.

He has always worked as a farmer. He has corn and bean crops which are harvested and sold at the municipal market where he lives.

Currently he is the only one working as his wife, who is his biggest economic support, is suffering from health issues.

However, with effort, love and dedication he has been able to get ahead and is always looking for new alternatives which will let him advance.

This is why he is asking for a loan. He will buy cattle. He wants to venture into another area of business to complement his income and improve the well being of his family.

Gabriel dreams of having a profitable business that last a long time and guarantees him economic stability.

His biggest dream is to give his children and excellent education. He also wants to keep farming and increasing his income and provide better living conditions to the ones he loves.
View original language description ↓
Gabriel es un campesino de 42 años de edad, casado y padre de 2 hijos. Durante toda su vida productiva se ha dedicado a ser productor agropecuario, pues posee cultivos de maíz y fríjol, cuyas cosechas son recolectadas y vendidas en la plaza de mercado del municipio donde reside; actualmente trabaja solo ya que su esposa quien es su mayor apoyo, se encuentra con dificultades de salud, lo que para él significa pasar por un gran desafío; sin embargo, con esfuerzo, amor y dedicación ha logrado salir adelante y siempre va en busca de nuevas alternativas que le permitan continuar avanzando; es por ello que solicita el apoyo del crédito, con el que desea comprar una ternera de levante, pues desea incursionar en otro mercado para complementar los ingresos y brindar a su familia un mejor bienestar. Gabriel sueña con hacer de sus actividades un negocio rentable, que perdure en el tiempo y que le garantice una estabilidad económica, pues su principal sueño es poder brindar a sus hijos una excelente educación para que sean personas de bien, además quiere seguir trabajando en sus cultivos y lograr percibir mejores ingresos para dar mejores condiciones de vida a los que ama.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,255,525
    Funds lent in using Kiva
  • 1,916.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Gabriel Alonso to buy cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014