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Iladier is a young farmer aged 23. He lives in a hamlet on the border of another department in the country. He has worked on a farm for several years and the owner has given him the chance to use part of the land on this farm to rear laying hens. This is a very profitable business due to the high demand for this product in all sectors on a national level.

Iladier dreams of having a large number of these laying hens. He requested the loan with the aim of investing in the animals and buying everything he needs to look after them. He already has a lot of orders waiting to be delivered, meaning that his finances keep increasing, which he will capitalize on so that in the future he has the living standard he wants.
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Iladier es un joven campesino de 23 años, vive en una vereda en las afueras de otro departamento del país, trabaja en una finca, hace varios años y el propietario le brindó la oportunidad de que utilizará parte de la tierra de esta finca para la cría de gallinas ponedoras, un negocio muy rentable por la gran demanda que tiene este producto en todos los sectores a nivel nacional, Iladier sueña con tener un gran número de estas gallinas ponedoras, solicitó el crédito con el fin de invertir en los animales y comprar cuido para el sostenimiento del mismo, ya tiene muchos pedidos pendientes de entregar, haciendo que su economía se incremente cada vez más, lo cual capitalizará para que en un futuro tenga el nivel de vida que anhela.

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
  • 362
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,964.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Iladier to buy laying hens and feed.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Apr 9, 2014
Currency Exchange Loss:
Jun 18, 2015