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Aug 12, 2016 10:50 EST

Colombia – Oscar: A loan of $675 helps to pay for supplies, banana sprouts, and labor.

iCrowdNewswire - Aug 12, 2016

Oscar

Colombia
 
TAME, Colombia / Farming
 
Borrower image
 

Oscar’s story

Oscar is 51 years old and studied through the third grade of high school. He is married and has 4 children, of which two are still minors.

Since he was a boy, he has worked in the cultivation of bananas and cacao because his family members are hardworking farmers. Oscar inherited his father’s 79-hectare plot of land 25 years ago, but because of the armed conflict, in 2002, he was displaced by the violence and had to abandon his crops.

Despite this bad experience, when he found himself in other circumstances, thanks to his passion for the countryside he returned to Tame where, two years ago, to took back control of his farm and planted three hectares of banana and one of cacao. His goal is to plant one more hectare of banana, which is why he needs this loan to pay for supplies, banana sprouts, and labor. 

Translated from Spanish by Kiva volunteer Alix Farr View original language description 

This loan is special because:

It allows first-time borrowers to access lower-interest loans. 

Jon
Kiva staff 

More about this loan

This loan is designed for people who have no access to financial services because they lack collateral or credit history, or run informal businesses. The goal is to expand access to credit to vulnerable borrowers, empowering them to improve their income and living conditions.

About Asociación ONG Avansar:

Asociación ONG Avansar is a small non-profit microfinance institution focused on addressing the lack of financial services in rural eastern Colombia. Their loans on Kiva are directed to first time borrowers with no credit history, truly giving them access to finance options they have never had in the past.

A loan of $675 helps to pay for supplies, banana sprouts, and labor.

Contact Information:

Oscar

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