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Rubiel De Jesús
48-year-old Rubiel is a strong, conscientious farmer. His family are his main focus in life and the reason why he works hard every day, so that he can provide them with better living conditions. Rubiel grows tree tomatoes, creole potatoes and beans. He sells these crops in the market square in his town. He is requesting this loan to buy inputs for his crops: natural fertilizers and also chemicals such as fungicides and insecticides, to ensure a better quality harvest.

Rubiel says that his biggest challenge is keeping his produce in the market in spite of price fluctuations. This has led to him making some losses. He hopes to improve his family's quality of life and to guarantee his four children a good education.
View original language description ↓
Rubiel de 48 años de edad, es un campesino, esmerado y pujante. Su familia es su eje central y la razón por la que lucha diariamente a fin de garantizarle mejores condiciones de vida. Se dedica al cultivo de tomate árbol, papa criolla y fríjol, productos que comercializa en la plaza de mercado de su localidad. Hoy se encuentra recurriendo a un crédito con el fin de comprar insumos para el abono de sus cultivos y químicos como fungicidas e insecticidas para sacar una producción de mejor calidad.
Asegura que su gran reto es que sus productos permanezcan en el mercado a pesar de las fluctuaciones de los precios, lo que lo ha conllevado a tener pérdidas. Espera mejorar la calidad de vida de su familia y garantizarles a sus cuatro hijos una buena educación.

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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.

About Colombia

  • $11,100
    Average annual income
  • 391
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,899.4
    Colombia Pesos (COP) = $1 USD
A loan of $1,075 helped Rubiel De Jesús to buy fertilizers, fungicides and insectides.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 8, 2013
Jun 7, 2013
Currency Exchange Loss:
Jul 7, 2013