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Abrahan Enrique
Agriculture is a business activity that they do as a family. Abraham leaves together with his wife every day to do the work. He cares for and watches out for his harvest so that it is ready to sell or be distributed.

He basically grows bananas. Like all farmers, he faces a big problem, which is the cost of supplies to prepare the land. That is why he turns to a loan. The loan will allow him to work his land and to practice his humble work that benefits so many people who eat bananas daily.

He will use the loan to buy fertilizers, irrigation, and a canoe. He dreams of being able to get the papers for his land and to peacefully enjoy his beautiful crops.
View original language description ↓
La actividad de la agricultura es una actividad que se realiza en familia, Abraham sale junto con su esposa todos los días a realizar su labor cuidando y mirando que cosecha esta lista para venderse o distribuirse.

Cultiva plátano básicamente pero como todo agricultor se enfrenta con un gran problema y es el alto costo de insumos para preparar la tierra por eso recurre a un crédito que le permita trabajar su tierra y ejercer su humilde labor que beneficia a tantas personas que consumen plátano diariamente.

El crédito lo invertirá en la compra de abonos, riegos y una canoa.

Sueña con poder legalizar su parcela y disfrutar tranquilamente de sus hermosos cultivos.

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
  • 240
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,857.8
    Colombia Pesos (COP) = $1 USD
A loan of $550 helped Abrahan Enrique to buy fertilizers, irrigation, and a canoe.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 12, 2014
Aug 6, 2014
Currency Exchange Loss:
Sep 5, 2014