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José Horacio
José has been a hardworking and honest man all of his life. With his wife, he has been able to support his two children. He knows that to get ahead in life, it is necessary to fight, and with his own hands he has tried to cultivate his lifelong dream: to have a prosperous farm and a decent home.

Currenty, José needs the resources to purchase a dairy cow with which he will be able to produce dairy products such as cheese and whey. He will also be able to generate employment and contribute to his region's economy.

In spite of having lost his crops on several occasions due to the heavy rains that ravaged the region, he has never given up and has always known how to overcome such challenges. His biggest motivation is his family, for which he fights and makes an effort every day with the goal of seeing them happy.
View original language description ↓
Don José ha sido un hombre trabajador y honrado toda su vida, que al lado de su esposa ha logrado darle un sustento a sus dos hijos, el sabe que para progresar es necesario luchar y con sus propias manos a tratado de cultivar el sueño de toda su vida, tener una finca prospera y una vivienda digna.
En este momento Don José esta necesitando recursos para adquirir una vaca de leche con la cual podrá producir productos lácteos como queso y sueros, podrá también generar empleo y contribuir con la economía de su región.
A pesar de perder sus cultivos en varias ocasiones a causa del fuerte invierno que azota la región, el nunca se ha dado por vencido y siempre ha sabido como superar todos estos desafíos. Su motivación mas grande es su familia por la cual lucha y se esfuerza cada día de su vida con el objetivo de verlos felices.

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
  • 372
    View loans »
    Colombia Loans Fundraising
  • $15,691,700
    Funds lent in using Kiva
  • 1,937.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped José Horacio to purchase a dairy cow with which he will be able to produce dairy products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 10, 2014
Apr 18, 2014
Currency Exchange Loss:
Nov 17, 2014