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Yessenia Alejandra
Yessenia is an entrepreneurial young woman who began looking for different alternatives for generating income when she saw that she needed additional money in her home. She began selling different personal products via catalogs and in this way contributes to her household finances so that her husband and two children, ages 5 and 7 months, can have a good quality of life. She started the business with great effort and has been overcoming her lack of capital and this has allowed her to improve her sales. Because her customers are requesting a greater variety, Yessenia is asking for a loan so that she can buy personal use products to meet her customers’ demands. She also wants to buy clothing and offer it to her customers.

Her dream is to get ahead through this business and work it judiciously so that it generates good income. In the future she also wants to have a home of her own for her and her family.
View original language description ↓
Yessenia es una joven muy emprendedora que al ver que necesitaba recursos para aportar en su hogar comenzó a buscar diferentes alternativas para generar ingresos. Fue así como comenzó con la actividad de venta de productos de uso personal a través de catálogos, y con esta contribuye económicamente en su hogar para que su pareja y sus 2 hijos de 5 años y 7 meses de nacido puedan tener una buena calidad de vida. El negocio lo inició hace muy poco, pero con gran esfuerzo ha venido superando la dificultad de capital que tiene y esto ha permitido ir mejorando en ventas. Como sus clientes le están pidiendo mayor surtido, Yessenia busca un préstamo para comprar productos de uso personal y responder a los encargos de los clientes y también comprar ropa para comenzar a ofrecer a sus clientes.

Su sueño es salir adelante con este negocio y trabajarlo muy juiciosa para que le genere buenos ingresos. Además, anhela en un futuro poder conseguirse su casa propia donde pueda vivir con 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

  • $6,070
    Average annual income
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Yessenia Alejandra to buy inventory.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Covered
Ended:
May 22, 2014