Iván is 32 years old. He lives with his companion, and they have two minor children. He is a very hard-working and tireless man.
He works in a brick factory from 2 am to 9 am, then he goes to load trucks with merchandise until 3 pm, and he uses the remaining time on the farm of some relatives, where they have allowed him to plant sugar cane and coffee and also to raise pigs, a business that he alternates with his other activities.
Iván dreams of having the pigs at his own house, and to do that, he needs to build the pens. For this reason, he has applied for this loan to build the pens and buy more pigs, invest in the supplies needed to raise them, and be able to offer animals of good quality at a better price, obtaining a large return for the well-being of his family.
Iván de 32 años, vive con su compañera y tienen dos hijos menores de edad, es un hombre muy luchador e incansable, labora en una ladrillera de 2 am hasta las 9 am, luego particularmente se va a cargar camiones con mercancía hasta las 3pm, y el tiempo restante lo utiliza en una finca de unos familiares donde le han permitido sembrar caña de azúcar, café y también criar cerdos, negocio que alterna con las demás actividades, Iván sueña con tener los cerdos en su propia vivienda y para ello necesita construir los corrales, por este motivo solicitó dicho crédito para construir los corrales y comprar más cerdos, invertir en los insumos que se necesitan para la cría y poder de esta manera ofrecer animales de buena calidad y a mejor precio, obteniendo grandes beneficios que van en pro del bienestar familiar.
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.