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Dairo works as a mechanic in a motorcycle repair shop, but he has decided to start his own business and work independently. Dairo wishes to devote himself to working in the field, growing vegetables. He plans on combining this with raising fish, a trade in which he has a little experience.

He needs a loan of $3,000 to prepare the land where he will harvest his crops by purchasing manure, irrigation and pesticides. He will also purchase a small plot to raise and breed his fish. He will sell his products in Rionegro marketplace in Colombia. His biggest dreams are to have his own home and give his two young children and wife the best quality of life possible. They are his inspiration and motivation for working everyday. By starting this business, he will be able to dedicate more time to his family because his business will be in the house that they live in.
View original language description ↓
Dairo se desempeña como mecánico en un taller de motocicletas, pero ha tomado la decisión de iniciar su propio negocio y ser independiente.
Dairo desea dedicarse al trabajo del campo, cosechando hortalizas, esto planea combinarlo con la cría de peces, oficio en el cual tiene un poco de experiencia. Necesita un crédito de $3.000.000 para destinarlo a la adecuación de la tierra donde cosechara su producto, comprando elementos como abonos, riegos y pesticidas; además adecuara un pequeño terreno para la cría y producción de sus peces.
Estos productos los venderá en la plaza de mercado de Rionegro – Colombia.
Sus sueños más grandes son tener su vivienda propia y darles la mejor calidad de vida posible a sus 2 hijos pequeños y a su esposa, que son su inspiración y motivación para trabajar cada día.
Al iniciar con esta idea podrá dedicarle más tiempo a su familia, pues el negocio quedará en la casa donde actualmente reside

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 417
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,918.2
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,575 helped Dairo to prepare his land for use where he will harvest his crops by purchasing manure, irrigation and pesticides.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 12, 2014
Apr 22, 2014
Currency Exchange Loss: