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Gustavo Alonso
Gustavo, who is 32 years old, is a modest and hard-working man from a rural background. He lives with his wife and their 8-year-old daughter. He has spent the last 16 years of his life working independently, providing a goods transport service by horse-drawn vehicle. He uses this to transport construction materials and any other type of goods which the customer requires. This has given him sufficient income to be able to support his family.

The loan he is requesting will be used to buy a horse, since the one he already has is sick and in spite of the money he has spent on veterinary costs, the horse has not improved. Buying a new horse will allow him to continue with his work, as it is the only source of income for his family.

Gustavo says his main aspiration is to have the physical and financial ability to look after his family's wellbeing and provide an education for his daughter so that she can have a successful future.
View original language description ↓
Gustavo, a sus 32 años de edad, es un campesino humilde y trabajador, vive con su esposa y su hija de 8 años.
Durante 16 años de su vida, se ha dedicado a trabajar de manera independiente, prestando el servicio de transporte de productos en un vehículo de tracción animal, en el que carga materiales de construcción y cualquier otro tipo de mercancía que el cliente requiera, esto le ha generado los recursos suficientes para velar por el sustento de su familia.
El crédito que solicita será invertido en la compra de un caballo, pues el que tiene se encuentra enfermo y a pesar de los gastos veterinarios, no ha mejorado; esto le permitirá continuar con su labor, pues es la única fuente de ingresos para su familia.
Gustavo manifiesta que su mayor anhelo es tener la capacidad económica y física para velar por el bienestar de su familia y brindarle educación a su hija, para que tenga un futuro próspero.

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
  • 382
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 2,031.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Gustavo Alonso to buy a horse.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 17, 2014
Mar 26, 2014
Currency Exchange Loss:
Dec 17, 2014