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Armando Del Carmen
Armando is a 54-year-old farmer who was born into a humble and hardworking family who taught him, when he was still small, to do all different types of farm work. As a result, he now owns some land on which he grows a variety of crops, and also has cattle for rearing and milk production. He sells both the produce from his cattle and his crops in the local market place, which enables him to generate sufficient income to cover the household expenses. His drive, attention to detail and dedication have made him an inspirational man who is always on the lookout for new opportunities to continue making progress. For this reason, he is seeking support in the form of a loan which he would like to use to buy more calves and agricultural supplies (manure, fertiliser, pesticide, larvicide, amongst other things) in bulk. This will enable him to continue tending his crops and to boost his production and, as a result, achieve a considerable increase in the income from his work. Armando's only wish is to be healthy and well so he can continue to put all his efforts into his businesses, since they are now the main source of income he has to provide better living conditions for his family and to pave the way for a much more productive and successful future.
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Armando es un campesino de 54 años de edad, nacido en el seno de una familia humilde y trabajadora que le enseñó desde pequeño a realizar todas las labores del campo; gracias a ello, hoy en día posee algunas tierras con variedad de cultivos y adicionalmente posee ganado de levante y lechero, la producción tanto del ganado, como de los cultivos, es vendida en la plaza de mercado de la región y, de esta manera genera los recursos económicos suficientes para llevar el sustento a su hogar. Su empuje, esmero y dedicación hacen de él, un hombre ejemplar y cada día busca nuevas alternativas que le permitan seguir avanzando. Por esta razón, solicita el apoyo del crédito con el que desea comprar más terneras y los insumos agrícolas al por mayor (abono, fertilizantes, pesticidas, larvicidas, entre otros), con esto podrá seguir cuidando sus cultivos y adicionalmente tendrá la capacidad para aumentar su producción, dando como resultado un incremento notable en los ingresos que percibe por su labor. Armando sólo desea poder tener salud y bienestar para seguir luchando por sus negocios, pues se han convertido en la principal fuente de ingresos con la que le brinda mejores condiciones de vida a su familia y se encamina a un futuro mucho más productivo y exitoso.

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
  • 245
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,929.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Armando Del Carmen to buy more calves and agricultural supplies (manure, fertiliser, pesticide, larvicide, amongst other things) in bulk.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 28, 2013
Currency Exchange Loss:
Jan 23, 2016