Check out some available loans that are similar to this one!
Diego Alejandro
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.
View original language description ↓
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.

Additional Information

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,918.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,575 helped Diego Alejandro to buy pigs to continue with his production.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 30, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015