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Elkin Mauricio
Elkin is a farmer who raises and sells pigs. He learned this work from his parents, since he was born in a humble family that always worked with the land. He has the support of his wife, who helps when he works as a day laborer on other nearby farms in order to supplement the family income. With effort and dedication, he has overcome different challenges that have presented themselves, especially the length of the path where he lives, which increases his transportation costs. However, he knows how to manage the situation and has always made progress, motivated by his wife and son.

He is requesting the support of this loan to purchase a breeding sow and feed to feed the animals, which will allow him to increase his production. This will especially satisfy the demand that increases at the end of the year, when the consumption of this meat increases significantly. This will improve his sales and the income he earns from them. In this way, Elkin wants to continue working hard to do his work since it is a profitable and sustainable business over time. It generates good income and in the future he can have the possibility of owning his own farm for his animals and crops, which would create better living conditions and well-being for those that he loves.
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Elkin es un campesino dedicado a la cría y comercialización de cerdos, actividad que aprendió de sus padres, pues nació en el seno de una familia humilde que siempre se dedicó a las actividades agropecuarias. Cuenta con el apoyo de su esposa, quien le ayuda cuando él realiza trabajos como jornalero en otras fincas cercanas, para complementar los ingresos familiares. Con esfuerzo y dedicación ha sobrepasado diversos desafíos que se le presentan, especialmente por la lejanía de la vereda donde reside, lo que le aumenta los gastos de transporte. Sin embargo, sabe llevar la situación y siempre ha salido adelante, motivado por su esposa y su hijo. Actualmente solicita el apoyo del crédito con el que desea comprar una cerda para crías y concentrado para alimentar los animales, esto le permitirá aumentar su producción, especialmente para satisfacer la demanda que aumenta en la temporada de fin de año, donde el consumo de esta carne se incrementa notablemente, mejorando así sus ventas y los ingresos que recibe por ellas. De esta manera, Elkin desea continuar trabajando arduamente para hacer de su actividad, un negocio rentable y perdurable en el tiempo, que le genere buenos ingresos y en un futuro poder tener la posibilidad de adquirir su propia finca en la que tenga sus animales y sus cultivos, generando mejores condiciones de vida y bienestar para 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,917.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Elkin Mauricio to purchase a breeding sow and feed for the animals.
48% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible