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Wilson Ferney
Wilson is 40 years old, married, and has a 10 year old son. All his life he has been in the activity of raising cattle and dairy farming. He has a lot of experience, and right now he works on a dairy farm and raises cattle. He has been presented with the opportunity of having his own dairy farm, and he was offered 6 young holstein cows. For said motivation, he requested the loan from the corporation in order to buy the young cows and raise them for the production of milk. With this money he should acquire supplies for the support and care of the livestock. This activity represents good income which will provide him greater economic stability and his son the studies that he wants. All this will afford him a better future with economic solvency for his whole family.
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Wilson, tiene 40 años, es casado y tienen un hijo de 10 años, toda su vida ha estado la actividad de cría de ganado bovino y lechero, tiene gran experiencia, actualmente labora en una finca lechera y con la cría de ganado. Se la ha presentado una oportunidad de tener su propio ganado lechero y le ofrecieron 6 terneras holstein, por dicho motivo paso la solicitud del crédito a la Corporación, para comprar las terneras y criarlas para la producción de leche y con este dinero también debe adquirir insumos para el sostenimiento y cuidado del ganado. Esta actividad representa buenos ingresos lo que le brindará una mayor estabilidad económica y brindarle a su hijo el estudio que él desea, todo esto le brindará un mejor futuro con solvencia económica para toda su familia.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $18,193,150
    Funds lent in using Kiva
  • 2,031.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wilson Ferney to buy 6 young holstein cows for milk production.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 17, 2014
Mar 26, 2014
Currency Exchange Loss:
Mar 17, 2016