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Youth is a great benefit for many entrepreneurs that want to take advantage of this time in their lives to succeed and have a profitable business in the future. One of those young men is Julian, he is an 18 year-old that works as a laborer at a flower field but wants to independently start growing his own hydrangea crop.

He is requesting a loan to buy bulbs, fertilizer and irrigation.

His principal advantage is that where he works there is a retailer where he will buy his product from; because of this, his dream is to see this loan become a reality and start working on his product as soon as possible.
View original language description ↓
La juventud es una gran ventaja para muchos de los emprendedores que quieren aprovechar estos años de vida para salir adelante y tener una empresa rentable para el futuro, uno de ellos es Julián un joven de 18 años de edad que trabaja como operario en un campo de flores pero independientemente quiere comenzar con sus propios cultivos de hortensia.

Solicita un crédito para la comprar esquejes (plantas fragmentadas para reproducir), comprar abonos y riegos.
Su principal ventaja es que donde trabaja hay una comercializadora que le comprara su producto, por tal motivo su sueño es ver convertido en realidad este crédito y empezar a trabajar en su producto lo antes posible.

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

  • $11,100
    Average annual income
  • 485
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,325 helped Julian comprar esquejes (plantas fragmentadas para reproducir), comprar abonos y riegos necesarios para iniciar su empresa.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 23, 2014
Aug 17, 2014
Currency Exchange Loss:
Sep 16, 2014