With the support from this loan, Yober plans to purchase pigs and feed to continue with his business. He hopes this investment will help him to strengthen and expand his business to meet customer demand. Yober's dream is to increase the quantity of pigs under his care and generate more income to provide a bright future and better quality of life for his family.
A sus 24 años de edad, se dedica a criar y comercializar cerdos, actividad que aprendió por medio de su hermano, con el que trabaja actualmente, lleva 6 meses realizando la actividad y ha generado buenos ingresos con los que sustenta las necesidades de su hogar. Su clientela está conformada por vecinos, familiares y algunos establecimientos de venta de carne que hay en el municipio donde reside.
Con el ánimo de fortalecer su negocio, solicita el apoyo del crédito para comprar más lechones y concentrado para alimentar los animales, esto le permitirá aumentar su producción y mejorar la rentabilidad del negocio, satisfaciendo la demanda actual del producto.
Yober, con su entusiasmo y espíritu emprendedor, manifiesta que su mayor anhelo es aumentar la cantidad de animales para así lograr tener una producción escalonada, que le permita generar ingresos y rentabilidad durante todos los meses del año, así podrá brindar una mejor calidad de vida y bienestar a su familia.
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 InformationThis 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.
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