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Omar De Jesús
Omar is a humble man who is married and has three children. Over 12 years ago he decided to buy and raise pigs on the farm where he works. The owner of the farm has allotted him space and given him permission to do this work in order to earn an income for his family.

Omar wants to use the loan to buy two piglets and fix the pig pen. His dream is to improve his living conditions and not have to work two jobs, since he has been very ill lately.
View original language description ↓
Omar es un hombre humilde, casado y padre de tres hijos, que hace más de doce años se dedica a la compra, cría y engorde de cerdos, en la finca donde trabaja, pues el dueño le ha dado el espacio y el permiso para hacer este trabajo, con el cual busca el sustento de su familia. Omar quiere invertir el crédito en la compra de los lechones y en el arreglo del corral. Su sueño es mejorar sus condiciones de vida y no tener que hacer dos trabajos, pues se ha sentido muy enfermo los últimos tiempos.

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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,964.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Omar De Jesús to buy two piglets and fix the pig pen.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2014
Listed
Apr 7, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014