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José Orlando

Update on José Orlando

José Orlando is a 25-year old man who works in stockbreeding and milk sale. Having lived this whole life in the countryside, he learned to milk cows when he was a young boy. Animals have always been his big passion and he really enjoys what he does. Thanks to his job, he has been able to improve his household life conditions.

He's now looking to buy a milk cow that will allow him to increase his milk production and his income, and to provide his family with a better quality of life. His dream is to have more cows in the future and to create direct employment in his community.
View original language description ↓
José Orlando a sus 25 años de edad, se dedica a la ganadería y a la venta de leche. Esta labor de ordeño de vacas la aprendió desde su infancia debido a que han residido toda la vida en el campo. Su gran pasión siempre han sido los animales por lo cual disfruta lo que hace. Con su actividad ha logrado mejorar las condiciones de vida de su hogar. Actualmente, desea comprar una vaca lechera que le permita incrementar la producción de leche y aumentar sus ingresos para brindarle una mejor calidad de vida a su familia. En un futuro sueña con tener un mayor número de vacas y generar empleos directos en su comunidad.

Previous Loan Details

José is a 24-year-old entrepreneur who has been passionate about working in the fields since he was very young. For this reason, he is very proud of his work. With dedication, José has been selling milk. He currently has four cows that produce milk on a daily basis. José dreams of helping ... More from José Orlando'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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,829.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped José Orlando to buy a milk cow.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Apr 8, 2013
Currency Exchange Loss:
Jun 17, 2014