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Yury Fernanda
Yury is married and has a seven-year-old son. Because the income her husband generated wasn't enough to support their household expenses, she decided to start to generate income for their household, in order to improve her family's quality of life.

She started looking for opportunities to generate income, which she found with a distributor of bakery products who taught her the business. Now she has her own business distributing sweets and cookies.

Thanks to this business, her son can now have access to good quality education, and the financial difficulties in her home have been overcome, little by little.

She has had her business for three years now, and thanks to the effort she makes every day, has seen it grow considerably. It has grown so much that now she has the chance to distribute her products to various towns. This gives her the opportunity to improve the financial circumstances of her household.

Because her business has grown so much, Yury now needs shelves for her products, but as she doesn't have enough working capital for this, she is seeking a loan that will allow her to buy shelves so that she can store her products in a more organized way.

Her dream is for her family to achieve success, and be able to overcome all the hardships that have arisen for them in life.
View original language description ↓
Yury se encuentra casada y tiene un hijo de 7 años de edad, y debido a que los ingresos que generaba su esposo no eran suficientes para poder sostener los gastos de su hogar, decidió comenzar a generar ingresos para su hogar para poder mejorar la calidad de vida de su familia. Fue buscando oportunidades de generar ingresos que se encontró con un distribuidor de productos de panadería que le enseñó la actividad y ahora ella tiene su propio negocio de distribución de dulces y galletería. Gracias a este negocio, ahora su hijo puede acceder a una educación de buena calidad y las dificultades económicas en su hogar se han venido superando poco a poco. Hace ya 3 años que tiene su negocio y gracias al esfuerzo que hace diariamente ha logrado crecer considerablemente, tanto que ahora tiene la oportunidad de distribuir sus productos hacia diferentes municipios, y esto le da la oportunidad de mejorar las condiciones económicas en su hogar. Debido a que su negocio ha crecido tanto, Yury ahora requiere de una estantería para ubicar sus productos, pero como no cuenta con el capital suficiente para esto, busca un préstamo que le permita comprar una estantería y poder ubicar sus productos de manera más adecuada.

Su sueño es que su familia logre salir adelante y pueda superar todas las adversidades que se le han presentado en la vida.

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
  • 494
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Yury Fernanda to buy shelves so that she can store her products in a more organized way.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013