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Jose Luis
José does a job with a big social impact and environmental sensitivity in the town of Norcasia. He's dedicated to the care and preservation of the natural reservoir in this town. And it's not an easy job because he has to be on the lookout for everything so he can preserve this landscape and keep it free of trash.

In addition, on the weekend he works transporting wood and supplies to the nearby farms, many of which aren't able to transport these items. That's how José makes a contribution with his job. He does this job on mules, pack animals that have a great capacity for work.

Currently he's requesting a loan to buy a new mule because the one he has is too old to work and he prefers not to keep on forcing it. This animal will allow him to keep on offering his services to the community of Norcasia and contributing to his community's development.
View original language description ↓
El señor José realiza una actividad con gran impacto social y sensibilidad ambiental en el municipio de Norcasia, se dedica al cuidado y preservación del embalse natural de este municipio.
Y es que esta no es una actividad fácil ya que debe estar pendiente de todos los detalles para preservar este paisaje y mantenerlo libre de desechos.
Adicionalmente se dedica los fines de semana al transporte de madera e insumos hacia las fincas cercanas ya que en muchas de ellas no tienen posibilidad de transportar estos elementos y es así como José contribuye con su labor. Esta actividad la realiza en mulas, animales de carga con gran capacitad de trabajo.
Actualmente solicita un préstamo para la compra de una mula nueva ya que la que tiene ya está muy vieja para trabajar y prefiere no seguir esforzándola.
Este animal le permitirá seguir prestando su servicio a la comunidad de Norcasia y continuara contribuyendo al desarrollo de su comunidad.

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
  • 239
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,854.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,625 helped Jose Luis to buy a new mule.
82% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 14, 2014
Jul 15, 2014
Currency Exchange Loss: