The requested loan will be used to build a barn and to purchase his first animals. This will allow him to start his business and notably improve his household income.
El ha vivido toda su vida en el campo y por esta razón conoce las actividades agropecuarias y de producción de animales.
El desea iniciar con un pequeño negocio de producción, cría y venta de pollos de engorde, actividad que aprendió y heredo de su madre quien toda su vida la ejerció.
Al lado de su esposa tiene grandes proyectos como el de sacar a su hijo adelante con una educación de calidad y buenos valores.
El préstamo solicitado lo invertirá en la construcción de un galpón y en la compra de sus primeros animales, así podrá emprender con su negocio y mejorara notablemente los ingresos de su hogar.
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 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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