Boris has been working for 30 years in agricultural production. He learned to do field work from a very young age by working with his father, and since then he has been working in this field to generate income. Currently Boris is married and has four children and in order to generate the income that his family requires he raises crops. In spite of encountering some difficulties, he has always struggled to succeed and to bring his family a better quality of life. Approximately one year ago the winter was at the point of destroying his harvest and it severely affected his economic situation and that of his family. For that reason he is now looking for a loan in order to purchase fertilizer and to re-fertilize his fields in order to harvest good quality products and be able to receive a good price for them.
His greatest dream is to provide his family with a better quality of life than what they can currently access, and also to offer his four children a higher quality education.
Boris se ha dedicado unos 30 años a la actividad de la agricultura, pues aprendió desde muy temprana edad junto a su padre todas las labores del campo y desde entonces viene trabajando en esta para generar sus ingresos. Actualmente Boris se encuentra casado y tiene 4 hijos y para generar los ingresos que requiere en su hogar tiene un cultivo que a pesar de presentar algunas dificultades, siempre ha luchado por sacarlo adelante y poderle brindar a su familia una buena calidad de vida. Hace aproximadamente 1 año el invierno estuvo a punto de destruirle sus cosechas y esto hizo que su situación económica y la de su familia se viera fuertemente afectada; por esto ahora busca un préstamo para comprar abono y reabonar sus cultivos y poder sacar productos de buena calidad para recibir un buen precio por ellos.
Su mayor sueño es llegar a brindarle a su familia una mejor calidad de vida que a la que pueden acceder actualmente y también ofrecerles a sus 4 hijos una educación de mejor calidad.
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.