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Jaime Andres
Jaime is one of those farmer who works the fields and teaches the values of humility and hard work.
He has always performed agricultural work, learning different trades thanks to his parents who taught him to take care of himself from an early age.
He wanted to start a business breeding and fattening pigs. He feels the need to earn income for his family. Through his experience, he will surely succeed in his project.
He has great faith in his activities and requests a loan to buy some pigs to start production.
He has big dreams such as forming a large, sustainable business and create jobs.
View original language description ↓
El señor Jaime es uno más de esos campesinos que trabajan nuestros campos y nos enseñan el valor de la humildad y el trabajo duro.
Desde siempre ha realizado labores de agricultura aprendiendo de diferentes oficios gracias a sus padres quienes desde pequeño le enseñaron a defenderse.
El dese iniciar un negocio de cría de cerdos de levante y engorde púes siente la necesidad de obtener ingresos para su familia y gracias a su experiencia seguramente tendrá éxito en su proyecto.
El tiene mucha fe en su actividad y solicita un auxilio monetario para comprar algunos cerdos y crías para comenzar con su producción.
Tiene grandes sueños como el de formar un negocio grande, sostenible y que genere empleo.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,905.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Jaime Andres to purchase pigs.
90% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2014
Listed
Jun 5, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015