Check out some available loans that are similar to this one!
Miller Eli
Miller is an admirable man who started with nothing from zero, in extreme poverty. Today he swells with pride when he says that alone, with hard work, he has managed to acquire horses, pigs, chicks, hens, gamecocks and cattle. Whenever he's asked how he achieved so much when he started with so little, he answers, "first, I thank God for giving me the health to work, and second, everything you see here is the product of sacrifice, of getting up every day to work tirelessly, of going hungry for the sake of the animals, of giving everything to benefit them and never being content with what you have achieved."

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.
View original language description ↓
Miller un hombre de admirar, empezó sin nada de 0, incluso en extrema pobreza, y hoy en día se enorgullece, se infla el pecho al decir que solo con trabaja ha logrado conseguir caballos, cerdos, pollos, gallinas, gallos de peleas y ganado.
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.

Additional Information

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 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

  • $6,070
    Average annual income
  • 193
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,675 helped Miller Eli to buy breeding sows to increase the number of animals. He will also buy vaccines and feed for his beloved animals so they will always be in prime condition.
27% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible