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Sebastian
Sebastian is a farmer, humble and hardworking, with the drive and spirit that distinguish the men and women of Colombia's countryside. He is a young man with an entrepreneurial mind and at a very young age learned all of the trades of the countryside such as farming and animal husbandry, so much so that today he has his own blackberry field which he learned to cultivate alongside his father. He sells his produce in the market square of the municipality of La Ceja, Antioquia.

He has a goal to grow his crops and improve his collection process, and for this reason he is seeking the help of a loan for the purchase of agricultural supplies such as fertilizers, baskets for the collection of blackberries, wire for planting, and blackberry seeds to continue his cultivations.

The loan will give him the opportunity to progress as a businessman and as a person, in addition to increasing his income and contributing to the sustenance of his home.

His only desire is to be able to improve his and his family's quality of life, for which he has struggled tirelessly.
View original language description ↓
Sebastián es un campesino, humilde y trabajador con el empuje y verraquera que distingue a los hombres y mujeres del campo de Colombia.
Es un joven de mente emprendedora y desde muy pequeño aprendió todos los oficios del campo como cultivos y crianza de animales, tanto así que hoy en día tiene su propio cultivo mora que aprendió a cultivar al lado de su padre; alimentos que vende en la plaza de mercado del municipio de La Ceja, Antioquia.
Este personaje tiene como propósito aumentar sus cultivos y mejorar el proceso de recolección de los mismos y es por eso que acude a la ayuda de un crédito para la compra de insumos agropecuarios como fertilizantes, compra de canastas para la recolección de las moras, alambre para su siembra y semillas de mora para continuar con sus cultivos.
El préstamo le dará la oportunidad de progresar como empresario y como persona, además de aumentar sus ingresos y seguir aportando el sustento en su hogar.
Él lo único que quiere es poder mejorar la calidad de vida de él y su familia por la cual ha luchado incansablemente.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 540
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,857.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Sebastian to buy agricultural supplies, baskets, wire and blackberry seeds.
80% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015