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Ana Yamile
"Dreams are the engine of existence." With this phrase, Ana Yamile, 33-years-old, tells the story of how she came to open her restaurant. She relates that she has faced many obstacles while trying to move forward. Her husband abandoned her and she was left with all the household expenses as she tried to pay for her young children's education.

Because of her financial situation, Ana began working as an operator with the idea of saving enough money to open her own business that would allow her to spend more time with her children. Thanks to her hard work and a program in Medellín that supports single mothers in business ventures, Ana was able to open her small restaurant a year ago.

Ana is requesting a loan in order to buy staple ingredients so that she can expand her menu and provide better service to her customers. Her greatest dream is to be able to provide her family with a better quality of life and ensure that her children receive a good education.
View original language description ↓
“Los sueños son el motor de la existencia” Con esta frase, Ana Yamile de 33 años de edad, narra su historia y como ha llegado crear su restaurante. Cuenta que para salir adelante le ha tocado afrontar muchas dificultades debido a que sufrió el abandono de su cónyuge y debió hacerse responsable de los gastos en su hogar, velando por la educación de sus dos hijos menores de edad.
Debido a su necesidad económica, Ana comenzó laborando como operaria, con la idea de ahorrar y montar en un futuro su propio negocio, situación que le permitiría dedicarles más tiempo a sus hijos.
Gracias a su esfuerzo y a un programa realizado en la ciudad de Medellín para apoyar a mujeres cabeza de familia con ideas de negocio. Ana resultó beneficiada y desde hace un año tiene negocio propio, dedicado a la elaboración y comercialización de alimentos.
En la actualidad se encuentra solicitando un crédito que destinará para la compra de productos de la canasta familiar con el objeto ampliar su portafolio de productos y ofrecer una mejor calidad en el servicio.
Su mayor deseo es poder garantizarle a su familia mejores condiciones de vida y asegurarles a sus hijos una educación de 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
  • 491
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,797.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ana Yamile to buy staple ingredients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014