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Carlos Alberto
Carlos is a dreamer and is very creative. He lives in the municipality of Cañas Gordas with his wife (pictured) and their 15 year-old son. He has lived in the countryside his whole life, and for this reason, he knows agricultural work and animal raising very well. He wishes to start a small business producing, raising and selling broiler chickens, an activity that he learned from his mother who did it for her whole life. He and his wife have big projects planned such as getting their son ahead with a quality education and good values.

The requested loan will be used to build a barn and to purchase his first animals. This will allow him to start his business and notably improve his household income.
View original language description ↓
El señor Carlos es un hombre soñador y muy creativo, vive en el municipio de Cañas Gordas al lado de su esposa (Foto) y su hijo de 15 años.
El ha vivido toda su vida en el campo y por esta razón conoce las actividades agropecuarias y de producción de animales.
El desea iniciar con un pequeño negocio de producción, cría y venta de pollos de engorde, actividad que aprendió y heredo de su madre quien toda su vida la ejerció.
Al lado de su esposa tiene grandes proyectos como el de sacar a su hijo adelante con una educación de calidad y buenos valores.
El préstamo solicitado lo invertirá en la construcción de un galpón y en la compra de sus primeros animales, así podrá emprender con su negocio y mejorara notablemente los ingresos de su hogar.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,921.2
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Carlos Alberto build a barn and purchase his first chickens to sell.
66% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
Possible