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Diana Yaneth
At the age of 24, Diana is a young and enterprising woman who works as a day care worker at the Instituto de Bienestar Familiar. She carries out her activities from her house but the wages are not enough to cover her household expenses and to support her mother.

Given her need to increase her income and to improve the quality of her life, Diana started to sell products through a catalogue a few days a go. Her goal is to improve the quality of her life and in the future to go to school to earn a career.

Currently, Diana needs a loan to purchase a variety of products from the catalogue when they come up for sale to increase her profits. She also requires a few videos and samples to display the benefits of the products and to earn more clients and to establish a reputation for her business.
View original language description ↓
A sus 24 años de edad, Diana es una joven emprendedora que se desempeña como madre comunitaria del Instituto de Bienestar Familiar, oficio que desempeña desde su casa pero que no es suficiente para cubrir los gastos de su hogar y hacerse cargo de su madre.

Debido a la necesidad de incrementar sus ingresos para mejorar su calidad de vida, Diana empezó desde hace algunos días con la venta de productos por catálogo con el propósito de mejorar su calidad de vida, pues en el futuro espera estudiar para convertirse en profesional.

Actualmente, Diana necesita de un préstamo para comprar surtido propio de la revista que en oportunidades viene en promoción y así lograr incrementar sus ganancias, así mismo requiere de algunos videos y material demostrativo con el que mostrará los beneficios de dichos productos y así llegar cada vez a más clientes y acreditar su negocio.

Additional Information

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

  • $6,070
    Average annual income
  • 183
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Diana Yaneth to purchase products from a catalogue and samples to display.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012