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José Ángel
José, 45, is married with five children. They live in a rural area. He has worked his whole life close to his parents, learning the different activities of the countryside such as how to cultivate vegetables and products from the garden, as well as how to raise and take care of dairy cows in order to sell the products acquired from them. He is still working independently on the dairy farm and in his free time, cultivating gooseberries, beans, and other products.

José dreams of having many dairy cows and expanding his crops for greater production, which is why he is requesting a loan with which he will buy two dairy cows of a good breed, and stock up on supplies for cultivation, such as fungicide, fertilizer, seeds and more. As a result of the increase in milk production, he will help satisfy the great demand for this product in these regions, and this will allow him to improve his whole family´s standard of living.
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José con 45 años de edad, es casado y con 5 hijos, viven en una zona rural, durante toda su vida estuvo trabajando cerca de sus padres y aprendió las actividades diversas del campo como el cultivo de hortalizas y verduras además de la cría y cuidado de vacas lecheras para su vender el producto adquirido, aún sigue en forma independiente trabajando con la lechería y en sus ratos libres con el cultivo de uchuva, fríjol y otros productos. José sueña con tener muchas vacas productoras de leche y que sus cultivos sea más extensos para mayor producción, es por ello que solicita el crédito con el cual comprará dos vacas lecheras de buena raza y también se surtirá de insumos para el cultivo como son (fungicidas, abonos, semillas y otros); esto le permitirá mejorar el nivel de vida de toda su familia, como resultado del aumento en la producción de leche para satisfacer la gran demanda del producto en estas regiones.

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
  • 378
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 2,045.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped José Ángel to buy two dairy cows of a good breed as well as supplies for cultivation, such as fungicide, fertilizer, seeds, and more.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 13, 2014
Mar 22, 2014
Currency Exchange Loss:
Feb 20, 2015