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Julio Cesar

Update on Julio Cesar

Julio, age 69, is a widower with three children. He has devoted almost his entire life to agricultural production. He primarily grows and sells flowers in a municipality to the east of Antioqueño.

He will use the loan to buy agricultural supplies to improve his crops and to keep them in good condition. This way he will be improving the profitability.

He currently lives alone. It is difficult for him to get to the crops. Even so, he puts forth great effort, and he dreams of seeing his flowers being more beautiful every day.
View original language description ↓
Tulio es un hombre de 69 años, viudo y padre de tres hijos, que ha dedicado casi toda su vida a la producción agrícola, principalmente al cultivo y venta de flores, en un municipio del oriente Antioqueño. Con el crédito comprará insumos agrícolas para mejorar y mantener en buenas condiciones su cultivo, mejorando la utilidad. Actualmente vive solo y se le dificulta el traslado hacia el cultivo, pero aun así se esfuerza y sueña con ver sus flores más bonitas cada día.

Previous Loan Details

Julio Cesar, 68, is a widower who has provided for his three children with effort and sacrifice. He has worked in agriculture from a young age, mainly cultivating flowers on a plot of his property in Santa Elena, Colombia. He sells his products in the city of Medellín. He works daily from 5 a.m. ... More from Julio Cesar's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Colombia

  • $11,100
    Average annual income
  • 226
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,964.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Julio Cesar to buy agricultural supplies.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Apr 9, 2014
Currency Exchange Loss:
Aug 21, 2015