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Yaqueline
Yaqueline is a young entrepreneur who wanted to set up her own business so that she could make income to help her parents cover their household expenses. In spite of the fact that Yaqueline works for a company during most of the day, in her free time she works in her business with the desire to make progress in it and, in the future, depend solely on it. Yaqueline has been selling clothing such as jeans, track suits, t-shirts, sweaters, etc. for approximately six years. Thanks to her business, she is able to make her own income. Owing to the good quality of her products, Yaqueline has a very good reputation amongst her customers. This has gained her more customers over time. Yaqueline faces a difficulty in recovering her portfolio because sometimes her customers fall behind in their payments and this means that she has no capital with which to continue working. However, she has been overcoming this difficulty by creating a good repayment culture amongst her customers. Thanks to the fact that a customer has made a large order for her products, Yaqueline needs to buy merchandise from her supplier because she doesn't have enough stock to fill the order. She hopes to receive a loan which will allow her to buy the clothing she needs to fill this big order from her customer.

Yaqueline hopes to be able to continue making income for her household so that she can improve her parents' quality of life. In addition, she dreams of growing her business and being able to open a large store where she can create jobs for those most in need. This would enable her to provide her parents with financial stability and great opportunities for making progress.
View original language description ↓
Yaqueline es una joven emprendedora que quiso montar su propio negocio para generar ingresos con los cuales pueda contribuir con sus padres al pago de los gastos de su hogar. A pesar de que Yaqueline trabaja para una empresa durante gran parte del día, en sus ratos libres atiende su negocio con el ánimo de sacarlo adelante y poder en un futuro depender solo de este. Yaqueline se dedica desde aproximadamente 6 años a la venta de ropa como jeans, buzos, camisetas, chompas, entre otros, y gracias a esto genera sus propios ingresos. Por la buena calidad de sus productos, Yaqueline tiene muy buena reputación entre su clientela, y esto ha hecho que cada vez capte más clientela con el pasar del tiempo. Yaqueline ha presentado un inconveniente que es la recuperación de su cartera, pues a veces sus clientes se retrazan en sus pagos y esto hace que se quede sin capital para seguir trabajando, sin embargo, esta dificultad la ha venido superando creando una cultura de buen pago entre sus clientes. Gracias a que un cliente le ha hecho un gran pedido de sus productos, Yaqueline requiere comprar a su proveedor la mercancía, pues con el inventario que tiene no le es suficiente para satisfacer el pedido de su cliente. Es por esto que Yaqueline tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de ropa para satisfacer un gran pedido que le ha hecho un cliente.

Yaqueline espera poder seguir generando ingresos para su hogar, de modo que les pueda mejorar la calidad de vida a sus padres. Además, Yaqueline sueña con que su negocio crezca y pueda abrir un gran almacén donde pueda generar empleo para las personas más necesitadas, y desde el cual les pueda brindar a sus padres una estabilidad económica y grandes oportunidades de progreso.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,783.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yaqueline to buy clothing to fill a large order that she has from a customer.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013