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Juan Gabriel
Juan is just 19 years old. From a young age, he was taught the value of work, something that is very common to those born into peasant families where everybody has to do better through their work and humility. For this reason, little by little, Juan created his own micro-business selling pigs. Juan has one great advantage, which is his age. He has ideas and applies new sales strategies. Juan is always happy in his work, which has helped him to find new customers. Juan's charisma helps him to sell his products.

With a desire to progress and to be better and compete in the area. Juan is applying for a loan in order to buy pigs. Juan wants to increase his number of pigs and increase his stock in order to have a higher number of sales. Juan wants to prosper with his business: his perseverance and humility are his best weapons as he fights to progress in life.
View original language description ↓
Juan u n hombre de tan solo 19 años de edad, el cual desde muy joven le inculcaron el valor de trabajo y es algo muy común que pasa en personas nacidas bajo un seno familiar campesino donde le inculcan que debe superarse cada día pero con trabajo y humildad y es por esta razón que poco a poco fue formalizando y creando su micro-empresa un establecimiento encargado en la comercialización de cerdos. Juan tiene un gran factor a favor y es su edad ya que tiene ideas e implementa estrategias de ventas frescas y siempre manteniendo la alegría para trabajar un factor que le ha ayudado a ganarse los clientes pues el solo carisma de su personalidad le da un aval para vender. Con el ánimo de progresar de cada ser mejor de poder competir en la zona Juan quiere solicitar un crédito para la compra de cerdos pues quiere hacer crecer su número de activos para tener un mejor y mayor volumen de venta dado que apuesta por la prosperidad de su negocio encontrando en la perseverancia y humildad sus mejores armas para progresar

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.

About Colombia

  • $6,070
    Average annual income
  • 166
    View loans »
    Colombia Loans Fundraising
  • $12,831,825
    Funds lent in using Kiva
  • 1,889.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Juan Gabriel to buy pigs to increase his number of animals on sale; with more animals, Juan can sell them for a lower price.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015