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Yurani Andrea
At the age of 23, Yurani is a tenacious mother who decided to start her own business due to her pregnancy. She’s been selling bargain clothes for the past 7 years to her friends, acquaintances and neighbors. Gradually the business has grown and she’s furnished a space in her house to exhibit her merchandise and to have a place to sort and sell her wares.

Seeing that sales improve each time and the number of customers increases, Yurani wants to buy a larger assortment of clothes of good quality and in a wide variety so that profits will incrase proportionately. However, at the moment Yurani does not have sufficient money to buy the merchandise so she’s asking for a loan to buy all sorts of clothes seeking to meet customer demand so that they will find everything they are looking for or desire. In addition, Yurani also wants to make some adjustments to her locale where she keeps her merchandise to give it a more attractive appearance so that her business will be better situated. Yurani dreams with a better future for her son which is why she works so hard every day with dedication hoping to improve her and her family’s quality of life.
View original language description ↓
A sus 23 años de edad Yurani es una madre luchadora quien decidió comenzar su propio negocio debido a su embarazo, desde hace 7 años se dedica a la venta de remate de ropa a sus amigos, allegados y vecinos, poco a poco su negocio ha ido creciendo pues ya adecuó un espacio en su casa para exhibir la mercancía y tener un lugar donde surtir y ofrecer sus productos. En vista de que cada vez las ventas mejoran y sus clientes son más Yurani quiere comprar un surtido de mayor cantidad, de buena calidad, y gran variedad pues así las utilidades se aumentarán y proporcionalmente sus ingresos serán mas prometedores, sin embargo, actualmente Yurani no cuenta con esa cantidad de dinero para comprar la mercancía, por lo cual solicita un préstamo con el cual comprar ropa de todo tipo, buscando la satisfacción de todos sus clientes al encontrar la prenda que quieren o que buscan. Adicional a esto Yurani también quiere hacerle adecuaciones locativas al espacio donde tiene la mercancía para darle más apariencia a almacén y así posicionar su negocio.

Yurani sueña con un mejor futuro para su hijo, por lo que trabaja día a día con esmero con la ilusión de mejorar su calidad de vida y la de su familia.

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

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,906.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Yurani Andrea to buy clothes and to make some improvements to her locale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012