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Noel De Jesús
Noel is a 38 year old man from the countryside who has worked as a farmer since he was very young. He learned this work from his farmer and today he has made it his life. He currently has crops of coffee, bananas, and fruit trees whose fruits are collected and sold in the marketplace and in the municipal coffee-growers cooperative. In this way, he generates the income he needs to support the household expenses.
The requested loan will be used to buy agricultural supplies (coffee seed, manure, fertilizer, pesticides) and to pay the day-laborers that he will employ to plant 9,000 additional coffee bushes. This will enable him to increase production and so to increase his sales and, consequently, the income that he receives for selling his produce.
Noel tells us that, despite the many challenges presented by the climate and the high cost of supplies, he wants to keep striving to have a successful agribusiness and to be able to offer employment opportunities to the people in his community, in addition to improving living conditions and wellbeing for his family.
View original language description ↓
Noel es un campesino de 38 años de edad, dedicado desde muy joven a las labores del campo, oficio aprendido de su padre y que hoy en día se ha convertido en su alternativa de vida. Actualmente posee cultivos de café, plátano y árboles frutales, cuyas cosechas son recolectadas y vendidas en la plaza de mercado y en la cooperativa de caficultores del municipio donde reside, así genera los recursos suficientes para aportar a la economía de su hogar.
El crédito solicitado lo invertirá en la compra de insumos agrícolas (semillas de café, abonos, fertilizantes, pesticidas) y pagar la mano de obra de los jornaleros que empleará para sembrar 9000 palos más de café, esto le permitirá aumentar su producción, con lo cual incrementarán las ventas y por ende los ingresos que percibe al vender los productos.
Noel manifiesta que a pesar de los diversos desafíos que se le presentan por el clima y los altos costos de los insumos, él quiere seguir luchando para sacar adelante su agroempresa y poder brindar oportunidades de empleo a los campesinos de su comunidad, además de mejorar las condiciones de vida y bienestar tanto propio como el de su grupo familiar.

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.

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About Colombia

  • $6,070
    Average annual income
  • 365
    View loans »
    Colombia Loans Fundraising
  • $14,082,900
    Funds lent in using Kiva
  • 1,964.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,550 helped Noel De Jesús to buy agricultural supplies (coffee seeds, manure, fertilizers, and pesticides).
84% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015