He is asking for some financial help to purchase agricultural supplies that will allow him to keep his crops alive and maintain the good quality. Among these supplies are fungicides, pesticides and herbicides. These products keep the crops free from pests and prevent the growth of bacteria. He dreams of having a large plot of land where he can work and have a more stable income to live peacefully.
Tiene actualmente un cultivo de café, plátano y algunos frutales, atiende su terreno todos los días y posteriormente vende sus cosechas en los pueblos cercanos, es así como se gana la vida y consigue el sustento para su familia.
Es un hombre muy trabajador, dedicado, con gran capacidad para aprender y es bastante diligente.
El pide un aliento económico para comprar algunos insumos agrícolas que le permitan mantener sus cultivos en pie y de muy buena calidad. Entre estos insumos se destacan fungicidas, plaguicidas y herbicidas. Estos productos mantienen las cosechas libres de plagas y evitan el crecimiento de bacterias.
El sueña con tener una gran parcela en la cual pueda trabajar y tener unos ingresos más estables para vivir tranquilo.
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!