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Yaneth learned how to sew from a young age. This has allowed her to have a lot of experience with this work and to provide her customers with very good quality products. Her sewing workshop used to contribute financially to her household to have stable finances, but since the father of her children abandoned them, all of the financial responsibilities of the household have fallen on her. She is working very hard to increase her income so that she can meet her household expenses. She would like to offer better services to her customers, so Yaneth is asking for this loan to purchase a serging machine to expand the work she is able to do and increase her income.

Her dream is to provide her two children with a better quality of life and improve her financial condition so that her family can get ahead and her children can get a good education.
View original language description ↓
Yaneth aprendió desde muy temprana edad la actividad de la confección y esto le ha permitido tener una gran experiencia en el trabajo, brindando a sus clientes productos de muy buena calidad. Anteriormente con su taller de confección contribuía económicamente en su hogar para tener una economía más estable, pero desde que el padre de sus hijos la abandonó, todas las responsabilidades económicas del hogar han caído encima suyo y por esto ha venido trabajando fuertemente para poder aumentar los ingresos con los que pueda sostener todos los gastos que se generan en su hogar. Buscando ofrecer mayores servicios a sus clientes, Yaneth busca un préstamo para comprar una máquina fileteadora y así aumentar los trabajos que realiza para mejorar sus ingresos.

Su sueño es poder tener una mejor calidad de vida en su hogar junto con sus 2 hijos y mejorar las condiciones económicas para que puedan salir adelante accediendo a una educación de mejor calidad.

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
  • 353
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,805.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Yaneth to purchase a serging machine to expand the types of work she can do to increase her income.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Sep 16, 2012
Currency Exchange Loss:
Aug 19, 2013