Antonio, who is 54 years old, is an entrepreneurial farmer who has exerted himself to advance his family. For more than 30 years, he has raised and sold pigs, a business that became the source of income to support his wife and educate his stepdaughters. Day after day he has managed to expand his business, and today he has three pens and 10 piglets. His greatest dream is to be able to convert his business into a great micro-business that will allow him to supply all the meat sales in his town. This is what has motivated him to apply for a loan that he will invest in the purchase of materials to construct a new pen and buy concentrate to feed the piglets.
He hopes that with this new investment his quality of life will improve and he can make the down payment for the acquisition of his house.
Antonio de 54 años de edad, es un campesino emprendedor que se ha esforzado por sacar adelante su familia. Desde hace más de treinta años se dedica a la cría y comercialización de porcinos, actividad que se convirtió en la fuente generadora de ingresos para el sostenimiento de su esposa y la educación de sus dos hijastras. Día a día ha logrado ampliar su negocio y hoy cuenta con tres corrales y 10 lechones. Su mayor sueño es poder convertir su negocio en una gran microempresa que le permita proveer a todos los expendios de carne de su municipio. Razón, que lo ha motivado a solicitar un crédito que invertirá en la compra de materiales para la construcción de un nuevo corral y concentrado para alimentar de los lechones.
Espera que con esta inversión su calidad de vida mejore y pueda dar la cuota inicial para la adquisición de su vivienda.
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.