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.
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.
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 InformationThis 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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