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John Fredy
Fredy is an experienced farmer. He has worked all his life on farms, learning and perfecting his skills raising cattle. With more than 10 years experience, he has the backing to think about his own business, to think about making extra income to be able to improve his family's conditions, he wants to give greater comforts to his wife, he'd like to see his three children studying well, and many things that all fathers want to give their children and families.

He is asking for a loan to buy the cattle that will start his business, his life, his dream of having a farm full of cattle and to see his children running around, having fun, growing up healthily in the fresh air and good customs of the countryside
View original language description ↓
Fredy un experimentado ganadero el cual se ha empleado toda su vida en granjas aprendiendo y perfeccionando sus habilidades como ganadero y más de 10 años de experiencia le dan el aval para pensar en su propio negocio pensar en obtener ganancias extras para mejorar las condiciones de su familia, quiere darle mayor comodidades a su esposa, gusto a sus tres hijos un buen estudio y muchas cosas que todo padre quisiera para su hijo y familia.
Solicita un crédito para la compra de ganado con los que iniciara su negocio, su vida, su sueño de poder tener una finca llena de ganado y ver correr y divertirse a sus hijos sanamente rodeado del aire fresco y las buenas costumbres del campo.

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.

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About Colombia

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped John Fredy buy cattle to start his own business.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015