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Industrious and dreamer are two words that perfectly describe Frankil, a hard-working family man who does what is within his power in order to always offer a better quality of life to his children and his wife.

He raises and sells cattle in the township of Sonsón. This is a very common activity in this region, and a large part of the inhabitants practice it in order to survive and to obtain income.

He has great knowledge and experience in this subject and feels that he need a little boost in order to increase his sales and expand his business. It is for this reason that he is applying for economic help to invest it in the purchase of calves at the next livestock fairs, since he declares that in this way he can buy them more economically.

With this loan he will be able to continue with his business, which is the only source of income for his family, and he states that he feels very grateful to life for all the favors he has received.
View original language description ↓
Laborioso y soñador, son dos palabras que describen perfectamente a Frankil, un hombre trabajador y de familia, que hace lo que este a su alcance para ofrecerles siempre una mejor calidad de vida a sus hijos y esposa.
Se dedica a la cría y venta de ganado bovino en el municipio de Sonsón.
Esta es una actividad muy común en esta región y gran parte de sus habitantes la practican para sobrevivir y obtener ingresos.
El posee gran conocimiento y experiencia en esta materia y considera que necesita un pequeño impulso para incrementar sus ventas y aumentar su negocio, es por esta razón que solicita un auxilio económico para invertirlo en la compra de terneros en las próximas ferias de ganado pues manifiesta que así los puede comprar muy económicos.
Con este préstamo podrá continuar con su actividad que es la única fuente de ingresos de su familia y manifiesta sentirse muy agradecido con la vida por todos los favores recibidos.

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
  • 282
    View loans »
    Colombia Loans Fundraising
  • $17,895,450
    Funds lent in using Kiva
  • 1,854.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Frankil to buy calves to increase his production.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 12, 2014
Jul 14, 2014
Currency Exchange Loss:
Aug 21, 2015