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Yenni
Yenni is a hardworking young woman who is 28 years of age. Sometime ago, she was laid off from her job at the bakery where she worked after her employment contract was canceled. At that point, she began working at her own business of selling food. With the help of her mother, she has been able to move her business forward. As a result, Yenni is able to generate income to sustain her household financially and cover the expenses of her husband and their two children (ages 12 and 3). In order to increase her sales, Yenni is requesting a loan to buy supplies for preparing the dishes that have been ordered by her customers.


Her dream is to have a successful business that generates income to improve the quality of life for her husband and two children.

View original language description ↓
Yenni es una joven trabajadora de 28 años que hace un tiempo se quedó sin empleo debido a que en la panadería donde trabajaba le cancelaron el contrato de trabajo y fue así como comenzó a trabajar en su propio negocio de venta de comidas. Con el apoyo de su madre ha podido sacar adelante este negocio con el cual genera ingresos para apoyar económicamente en su hogar para el sostenimiento de los gastos de su esposo y sus 2 hijos de 12 y 3 años de edad. Buscando aumentar sus ventas, Yenni requiere un préstamo para comprar insumos para la preparación de las comidas y así responder a los pedidos de sus clientes.

Su sueño es poder tener un gran negocio con el que pueda generar ingresos para mejorar la calidad de vida de su esposo y sus 2 hijos.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Yenni to buy supplies for preparing her dishes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013