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Nairo De Jesus
Nairo is a very skilful farmer with experience in many areas of agriculture. He has a natural talent for working in a team and he has a great entrepreneurial mind.

Has a great cultivation of cassava which he looks after every day from the early hours of the morning.

At the moment, he lives with his wife and their two-year-old daughter who he has always strived to provide for.

He wishes to boost his crops and improve his income. For this reason he is asking for financial aid to invest in agricultural supplies and cassava seeds. The loan will give him the opportunity to produce a better quality product.

His ultimate aim is to have his own house and make sure that his daughter has a good future.
View original language description ↓
El señor Nairo es un agricultor muy habilidoso con experiencia en varias áreas de la agricultura, con un talento innato para el trabajo en equipo y una gran mente emprendedora.
Tiene un gran cultivo de yuca que atiende todos los días desde muy tempranas horas de la mañana.
Actualmente vive con su esposa y su hija de 2 años por las cuales ha tratado de luchar siempre para sacarlas adelante.
El desea darle un impulso a su cultivo y obtener mejores ingresos de este por eso pide un auxilio económico para invertirlo en insumos agropecuarios y semillas de yuca, el préstamo le dará la oportunidad de tener un producto de mejor calidad.
Su mayor sueño es tener una casa propia y brindarle a su hija un buen futuro.

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

  • $11,100
    Average annual income
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,893.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Nairo De Jesus to buy agricultural supplies and cassava seeds.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015