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Manuel José
Manuel, 39, is single and has no children yet. From a very young age he started to work in the fields helping his father and uncles pick coffee. Thanks to this, he now works growing coffee, beans, corn and vegetables on a small lot he inherited from his father when he died. When he sells his crops he earns income for daily sustenance.

Manuel is a man with drive; he’s patient and hardworking. Despite the difficulties that have arisen in his life he always seeks options that will allow him to continue forward. This is what motivated him to request a loan to buy agricultural supplies (manure, fertilizer, pesticide, fungicide) to provide crop care so he can produce excellent quality products to sell more easily in the market thus earning income and continue advancing toward reaching his dreams, especially to improve his quality of life and to have the opportunity of forming a family and having children.
View original language description ↓
Manuel es un hombre de 39 años de edad, es soltero y aún no tiene hijos. Desde muy joven comenzó a realizar las labores del campo, cuando se iba a recolectar café con su padre y sus tíos; gracias a eso, él actualmente se dedica a cultivar café, fríjol, maíz y hortalizas en un pequeño lote que su padre le dejó como herencia cuando falleció, al vender la cosecha de sus productos obtiene ingresos para el sustento diario. Manuel es un hombre con empuje, paciente y trabajador, a pesar de las dificultades que se le han presentado en el transcurso de la vida, él siempre busca opciones que le permitan seguir adelante, por esto se motivó a solicitar el crédito para invertirlo en la compra de insumos agrícolas (abonos, fertilizantes, pesticidas, fungicidas) con el fin de cuidar sus cultivos para cosechar productos de excelente calidad y poderlos vender más fácil en el mercado, así logrará tener ingresos y seguir avanzando en busca del cumplimiento de sus sueños, especialmente mejorar su calidad de vida para tener la oportunidad de conformar una familia y tener hijos.

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
  • 323
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Manuel José to buy agricultural supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 24, 2013
Currency Exchange Loss:
Apr 17, 2014