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César Augusto
César is a 41-year old farming worker who works in the cultivation of flowers. He wants to earn additional income to improve the quality of life of his family and has decided to combine his job with stockbreeding. This is why he is requesting the loan, which he will use to buy young calves to start his project. He has enough space for this in the family ranch where he lives and will also count on the help of his wife and son to take care of the animals while he's working.

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.
View original language description ↓
César, a sus 41 años de edad, se desempeña como operario agrícola en un cultivo de flores, pero con el ánimo de complementar los ingresos para mejorar las condiciones de vida familiares, desea alternar su empleo con la actividad ganadera, razón por la que solicita el crédito; con el dinero comprará terneras de levante para dar inicio a su nuevo proyecto productivo; cuenta con la ventaja de poseer espacio suficiente en la finca familiar donde reside; allí contará con el apoyo de su esposa y su hijo para el cuidado de los animales, mientras él cumple con su horario laboral.
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.

Additional Information

More information about this loan

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 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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,196,500
    Funds lent in using Kiva
  • 1,936.8
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,550 helped César Augusto to buy young calves.
70% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Jan 5, 2014
Currency Exchange Loss:
Possible