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Jesus Angel

Update on Jesus Angel

Jesús is a 29-year-old farmer based in the municipality of Sonsón, Colombia. From his childhood he learned of farm work due to the fact that his family has always resided there. He worked with his father and thanks to this he learned the trade. By tradition he continued with this activity and today it is his source of income to support his family which is composed of his wife and their two children who are 8 and 5 years old.

Currently he has tamarillo, beans and Peruvian ground cherry planted. With the purpose of getting a good harvest, Jesús is requesting a loan with which he will buy farming supplies (fertilizers and seeds) and in this way generate a more abundant and better quality production.

His greatest dream is to be able to adapt his home to guarantee better living conditions for his wife and children.
View original language description ↓
Jesús es un campesino de 29 años de edad radicado en el municipio de Sonsón, Colombia. Desde su niñez aprendió de las labores del campo debido a que su familia siempre ha residido allí. Laboró con su padre y gracias a este aprendió del oficio. Por tradición continuó con la actividad y hoy es su fuente de ingresos para el sostenimiento de su familia, compuesta por su esposa y sus dos hijos de ocho y cinco años de edad.
En la actualidad tiene sembrados de tomate de árbol, fríjol y uchuva. Con el propósito de sacar una buena cosecha Jesús se encuentra solicitando un crédito con el que comprará Compra de insumos agrícolas (fertilizantes, abonos y semillas)y de este modo incrementar y mejorar la calidad de su producción.

Su mayor sueño es poder adecuar su vivienda para garantizarle a su esposa y sus hijos mejores condiciones de vida.

Previous Loan Details

Jesus learned about farming from his father, who worked in this activity and with it generated income for his family. That is why Jesus has inherited the family business. Now, by growing fruits and vegetables, he generates the income he needs in his home where he lives with his wife and 2 childre... More from Jesus Angel's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 308
    View loans »
    Colombia Loans Fundraising
  • $18,214,600
    Funds lent in using Kiva
  • 1,797.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jesus Angel to buy farming supplies such as fertilizers and seeds.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Mar 20, 2013
Currency Exchange Loss:
Aug 30, 2014