In order to take advantage of this season, Cristian is requesting to buy pigs. Therefore, he is requesting assistance for capital that he can borrow in order to buy the pigs, which will allow him to take advantage of the upcoming season. Cristian dreams of moving forward in this profession, improving his household living conditions, living well with his wife, and having future children under decent conditions.
Por encontrarse en temporada quiere solicitar marranos para sacar buen provecho de ella por eso pide la ayuda de que le colaboren prestándole capital para poder comprar cerdos y sacar un buen provecho de la temporada que se avecina.
Sueña con seguir adelante en su profesión, mejorar las condiciones de vida en su hogar, vivir mejor con su esposa y poder tener a futuro hijos en condiciones dignas
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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