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Mauricio
Mauricio is a seasoned and hardworking man who, at 32 years of age, has acquired enough experience to know which road he needs to follow to become independent. It is for this reason that this entrepreneur is seeking a loan to buy a few heads of cattle and therein increase his sales.

Life in the countryside has given him everything he needs to get by, despite the fact that he has always worked alone, he has never given up. However this fighter is not satisfied only with this, now he wants to invest in cattle to therein generate jobs for some of the inhabitants in his region. Mauricio's biggest challenge is the price of these animals, but he trusts in his experience and ability to negotiate.
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Mauricio es un hombre aguerrido y trabajador, a sus 32 años ha adquirido la suficiente experiencia como para saber cuál es el camino a seguir para ser independiente.
Por eso, este emprendedor solicita un crédito para comprar algunas cabezas de ganado y así aumentar sus ingresos.
La vida en el campo le ha dado todo lo que necesita para sobrevivir, a pesar de que ha trabajado solo toda su vida nunca se ha rendido, pero este hombre luchador no se conforma solo con eso, ahora quiere invertir en ganado para así generar empleo a algunos habitantes de su región.
Su mayor desafío es el precio de compra de estos animales, pero el confía en su experiencia y capacidad para negociar.

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.

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About Colombia

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,929.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $5,200 helped Mauricio to buy a few cows and increase his income.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
Possible
Expired:
May 21, 2014