César is a natural farmer. He was born and raised in a modest family that has made a living from agriculture for generations. He learned from them and now teaches his 18-year old son. His aim is to set up a successful family business that will provide them with better quality of life and welfare. In the medium-term, he plans to work in his business only and enjoy more the company and love of his wife and son.
César es un campesino nato, nació y creció en el seno de una familia humilde que durante generaciones se han dedicado a las tareas agropecuarias como alternativa para ganarse la vida y así, por herencia, él aprendió y ahora transmite sus conocimientos a su hijo de 18 años; para construir con él un negocio familiar próspero que les permita tener mejores condiciones de vida y bienestar y, en un futuro a mediano plazo estar en la capacidad de independizarse totalmente y disfrutar más de la compañía y el amor de su esposa e hijo.
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By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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