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Luis Alberto
This is the story of a likable man with a big heart, who spreads his positive attitude and infectious good vibes to the people around him. In spite of never having gone to school, he's very knowledgeable in the field of agriculture. He has a small crop of potatoes and carrots that he wants to boost with soil maintenance products and fertiliizers. That's why he's requesting a loan to purchase these products so he can have better managed, higher quality crops. His biggest dream is to have a great crop and create jobs.
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Esta es la historia de un hombre de gran corazón y simpatía, que contagia a las personas que tiene a su alrededor con buenas energías y actitud positiva.
El, a pesar de no haber recibido ningún tipo de educación tiene grandes conocimientos en el área de la agricultura.
El tiene un pequeño cultivo de papa y zanahoria el cual quiere nutrir con productos de mantenimiento de tierras y con fertilizantes.
Es por esto que solicita un préstamo para la compra de estos insumos poder así tener unos cultivos mejor cuidados y de mejor calidad.
Su mayor sueño es poder tener un gran cultivo y generar empleo.

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.

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About Colombia

  • $11,100
    Average annual income
  • 552
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,883.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Luis Alberto to purchase agricultural supplies.
88% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 27, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015