Edelberto, 38, works in agriculture. He grew up in the bosom of a rural family and learned the occupation thanks to his father and older brothers. He loves the countryside because thanks to it he’s been able to move his family forward.
He currently lives in a section of Sonsón municipality, Colombia. He leased a lot where he grows creole potatoes, peas, beans and avocados. His greatest dream is to buy the land where he lives because leasing is costly and profits are greatly reduced because of this factor. He wants to be able to offer his family better quality of life guaranteeing better opportunities for his children.
Aiming at making his dreams reality, Edelberto is asking for a loan to buy manure and seeds to increase production levels and generate higher income he’ll use for the down payment on the lot.
Edelberto de 38 años de edad es un agricultor, creció en el seno de una familia campesina y aprendió del oficio gracias a su padre y a sus hermanos mayores. Ama el campo porque gracias a éste ha podido sacar adelante a su familia.
En la actualidad reside en una vereda del municipio de Sonsón, Colombia, allí alquiló un lote en donde realiza sus siembras de papa criolla, arveja, fríjol, aguacate.
Su mayor sueño es poder comprar la tierra en donde vive, debido a que el arriendo es costoso y las ganancias disminuyen mucho debido a este factor. Desea poderle ofrecerle a su familia una mejor calidad de vida, garantizándoles a sus hijos mejores oportunidades.
Con el ánimo de convertir sus sueños en realidad, Edelberto se encuentra solicitando un crédito para la compra de abonos y semillas que le permitirán aumentar su nivel de producción y generar mayores ingresos, los cuales destinará para la cuota inicial de la compra del lote.
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.