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Alberto Enrique
Alberto lives with his life partner, and they have three children. He lives with his family in a city in the northern part of the country. He has been working and raising chickens and pigs for ten years. However, he has had financial difficulties.

He dreams of expanding and improving the place where he raises his animals. He also dreams of having a chicken fattening plant. This is why he is requesting the loan. He will buy more pigs and chickens to fatten. His business is well-accepted because of the good way he raises and maintains the animals.

His quality of life and that of his family will improve as his animal sales increase. He will reach his established goals for the near future.
View original language description ↓
Alberto vive con su pareja y tienen 3 hijos, reside en una ciudad al norte del país, junto con su familia, en la actualidad ya cumplió 10 años de estar trabajando con la cría de pollos y de cerdos, pero ha tenido dificultades económicas y sueña con ampliar y mejorar el lugar para la cría de sus animales, también con tener una planta de engorde de pollos, por esto pasa la solicitud de préstamo, el cual invertirá en comprar más cerdos y también más pollos de engorde los cuales tienen muy buena aceptación por la buena crianza y mantenimiento de los mismos, su calidad de vida y la de su familia se incrementará en la medida que aumentan las ventas de sus animales y alcance las metas establecidas para un futuro no lejano.

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

  • $6,070
    Average annual income
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,964.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Alberto Enrique to buy more pigs and chickens to fatten.
95% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Apr 6, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015