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Simon Edilson
With the dream of having a farm, Simón gets up every day to watch and feed his birds, since in them he puts his faith in progressing. He took advantage of the land that he had in his house and began experimentally with the business, demonstrating the attitudes of entrepreneur and salesperson, seeking progress and strengthening his animals in the market. Simón asks for a loan which he will use to build a chicken coop with is respective animals, increasing his inventory and generating more sales, since he will have more birds to offer, always looking for a better quality of life for himself and his family.
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Con el sueño de tener una granja el señor se Simón se levanta cada día a observar y alimentar sus aves pues en ellas deposita su fe de progreso, aprovecho un terreno que tenía en su casa e inicio empíricamente con el negocio, demostrando tener actitudes de emprendedor y de vendedor, buscando progresar y consolidad sus animales en el mercado Simón solicita una ayuda crediticia la cual usara para la construcción de un criadero de pollos con sus respectivos animales aumentando su inventario y generando mayores ventas pues tendrá más aves que ofertar, buscando siempre una mejor calidad de vida para él y su familia

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

  • $6,070
    Average annual income
  • 296
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,884.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Simon Edilson to build a chicken coop and purchase animals to fill it, improving his offerings to his customers.
79% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015