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Mauricio is 23, single and has no children yet. He has been working taming horses since he was fifteen. He shoes them and rides them so that their owners can ride them later. At the same time, he raises meat and milk cattle in a small piece of land he rents. Mauricio learned these activities from a friend.

Mauricio is a dynamic young man. He is enterprising, persistent and has a strong will to get ahead. This is why he is requesting a loan to buy more cattle to fatten (four castrated bulls) and a milk cow. He will increase his milk production and thus his contribution to the family’s economy. This will be one more step toward the fulfillment of his biggest dream, which is to have his own piece of land where he can raise his cattle, improving his quality of life and offering his family a more comfortable life.
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Mauricio a sus 23 años de edad es soltero y aún no tiene hijos. Desde los 15 años de dedica a laborar como arrendador de caballos, su trabajo consiste en herrarlos y montarlos para luego entregarlos listos a sus dueños para ser montados; esta actividad la alterna con la ganadería y la producción de leche, pues cuenta con algunas cabezas de ganado y vacas lecheras en un pequeño lote arrendado. Estas actividades las realiza gracias a las enseñanzas de un amigo. Mauricio es un joven dinámico, emprendedor, pujante y con muchas ganas de progresar, por esa razón solicita el crédito, con el fin de invertirlo en la compra de más ganado de levante (4 novillones) y 1 vaca productora de leche, de esta manera podrá incrementar su producción y por ende, sus ingresos para poder contribuir a la economía de su hogar. Con esto, Mauricio desea avanzar un paso más hacia el cumplimiento de su principal sueño, que es tener una parcela propia para tener su ganado y así poder mejorar su calidad de vida y brindarle mejor bienestar a su familia.

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
  • 237
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD
A loan of $1,875 helped Mauricio to buy more cattle to fatten (four castrated bulls) and a milk cow.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 31, 2013
Currency Exchange Loss:
Aug 30, 2013