Diego, who is 23, lives alone and has an impressive capacity for work.
He produces and sells pigs that he raises and fattens. He learned this work from working for the greater part of his life on the farms of some friends. There he acquired vast experience in the field, and for this reason he decided to begin his own business.
He alternates this work with collecting scrap metal and recyclable items. With these two activities, he obtains the necessary income for his own sustenance and to support the expenses of his household.
He is applying for assistance to buy a few piglets and capitalize his business a little. This will allow him to keep his business afloat and to always have animals for sale.
Diego, de 23 años, vive solo y tiene una capacidad de trabajo impresionante.
El se dedica a la producción y venta de cerdos de levante y engorde, el oficio lo aprendió al trabajar gran parte de su vida en las fincas de algunos amigos, allí adquirió una vasta experiencia en el campo y por esta razón decidió iniciar con su propio negocio.
Este trabajo lo alterna a su vez con la recolección de chatarra y elementos reciclables, con estas dos actividades consigue los ingresos necesarios para su propio sostenimiento y para aportar con los gastos de su hogar.
Solicita un auxilio para comprar unos cuantos lechones y capitalizar un poco su negocio, hecho que le permitirá mantenerlo a flote y tener siempre animales para la venta.
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.