Check out some available loans that are similar to this one!
Arcángel De Jesús
Arcángel is a field worker who has worked on various farms in the region. This is where he learned about the fields and caring for the land. He also learned to reap and little by little he improved his methods. He decided to go out on his own and provide services on contract. He currently works alone and only has one mechanical scythe, so he lost some contracts. He is asking for this loan to buy a second, larger machine so he can complete the jobs he is offered. He will also have the opportunity to generate direct employment. Arcángel is humble, hardworking, and passionate about his work, so he dreams about strengthening his business, buying more machinery, providing more employment opportunities to others who know the field, and having the chance to learn about the different towns in the region while increasing his contracts. This will provide better financial stability and quality of life for him and his wife and children.
View original language description ↓
Arcángel es un campesino que desde muy joven se ha dedicado a laborar como empleado en oficios varios en diferentes fincas de la región, allí aprendió todas las labores del campo y el cuidado de la tierra, adicionalmente conoció la labor de guadañador y poco a poco fue mejorando y puliendo su técnica, por lo que decidió independizarse y prestar el servicio por contratos. Actualmente trabaja solo, pues sólo posee una máquina guadañadora, razón por la cual ha perdido algunos contratos. Es por esta razón que se motiva a solicitar el crédito, pues desea adquirir otra guadañadora más grande y así poder cumplir con los trabajos que le ofrecen, además tendrá la oportunidad de generar un empleo directo. Arcángel es un hombre humilde, pujante y apasionado por su labor, por ello sueña con fortalecer su negocio, comprar más máquinas y poder ofrecer más oportunidades de empleo a personas que conozcan de esta labor, dándose a conocer aún más en las diferentes veredas y pueblos de la región y tener la posibilidad de incrementar los contratos, lo que para él significa generar una estabilidad económica favorable con la que le podrá brindar a su esposa y a sus dos hijos una mejor calidad de vida.

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.


About Colombia

  • $11,100
    Average annual income
  • 305
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Arcángel De Jesús to buy a mechanical scythe.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 19, 2013
Oct 23, 2013
Currency Exchange Loss:
Jan 17, 2015