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Hernan Dario
Hernan has worked much of his life in the fields, working on different farms on daily contracts. Today he wants to change that path and be independent, because he believes that in this way he will obtain better income. He wants to specialize specifically in breeding calves and pigs. This is why he is requesting a loan. Some of his biggest dreams are to have a large expanse of land and house his animals there.

He wants to make his whole living doing only this work of breeding and be able to feel proud of achieving his triumphs.
View original language description ↓
El señor Hernán ha trabajado gran parte de su vida en el campo, laborando en distintas fincas en contratos por jornales.
Hoy en día desea cambiar ese camino y ser independiente pues considera que de esta forma obtendrá mejores ingresos.
El desea especializarse específicamente en la cría de terneros y cerdos, es por esto que solicita un crédito.
Entre sus mayores sueños están el poder tener una gran extensión de tierra y albergar allí a sus animales.
El solo quiere dedicarse en pleno a esta actividad de cría y poder sentirse orgulloso de lograr sus triunfos.

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.

About Colombia

  • $6,070
    Average annual income
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,890.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Hernan Dario to buy cattle and pigs for livestock.
19% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible