Based on these final words, Miller is requesting a loan to invest in breeding sows, and buy supplies such as vaccines and feed for his beloved animals, with which he hopes to grow his farm and acquire a plot of land to keep his animals near his home.
Siempre que le pregunta como logro tanto empezando de tan bajo el responde ”primero agradezco a dios por darme salud de trabajar y segundo todo lo que ven aquí es producto de sacrificio de levantarse cada mañana a trabajar sin descanso, de aguantar hambre pro los animales, de darlo todo en beneficio de ellos y nunca conformarse con lo que has logrado”.
Con base a estas últimas palabras Miller solicita un crédito para invertirlo en cerdas de cría, compra de insumos como vacunas y cuido para sus amados animales con los que espera aumentar su finca y adquirir un terrero para ubicar sus animales cerca a su hogar.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
Important InformationThis 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.
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This loan has been fully funded!