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Gloria Yaneth
Sra. Gloria is 34 years old and the mother of three children (ages 18, 14, and 7). She has her own business in which she has sold merchandise for the past seven years. This business provides the necessary income to pay for the household expenses. Gloria sells merchandise to her friends, relatives, and neighbors.


She is requesting a loan in order to restock her business with merchandise, such as tennis shoes, so that she can increase her sales during the year-end season and improve her family’s quality of life. Gloria will also be able to fulfill her dream of having her own store where she can sell shoes and clothes for the entire family.

View original language description ↓
La señora Gloria a sus 34 años de edad es madre de tres hijos de 18, 14, y 7 años de edad. La señora Gloria tiene su propio negocio de venta de mercancía desde hace siete años, el cual le brinda los recursos necesarios para los gastos de su hogar. La mercancía es vendida a sus amigos, familiares y vecinos. La señora Gloria requiere de la compra de surtido para su negocio tal como tennis con el fin de poder aumentar sus ingresos en la temporada de fin de año y así mejorar la calidad de vida de su familia y cumplir su sueño tener su propio almacén de venta de zapatos y ropa para toda la 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

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,945.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Gloria Yaneth to buy shoes and clothing for women, men, and children.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 3, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013