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Yunia Patricia
26-year old Yunia is a young woman who has had to look for opportunities in order to get ahead. Her family is the most important thing in her life so she has had to make a great effort to provide her 10-year old son with a better life.

Thanks to her experience and more than eleven years working as a seamstress, Yunia managed to acquire her own workshop with help from her father who gave her the money to buy a sewing machine. As the business developed, her finances improved. Today Yunia wishes to increase production and improve her premises so she can earn more money and guarantee her son a good education. She is seeking a loan to buy a display cabinet where she can store thread and fabric. This will make the workshop tidier and improve its appearance.
View original language description ↓
Yunia de 26 años de edad, es una joven que ha tenido que buscar alternativas para salir adelante. Su familia es lo más importante para ella, por lo cual se ha esforzado por suministrarle su hijo de diez años de edad mejores condiciones de vida.
Gracias a la experiencia y con más de 11 años de trabajo en el sector se la confección, Yunia logró montar su propio taller con la ayuda de su padre quien le suministró los recursos para la adquisición de una máquina de coser. Con el desarrollo de esta actividad ha mejorado las condiciones económicas de su hogar. Hoy desea incrementar su capacidad de producción y mejorar su lugar de trabajo, a fin de generar mejores ingresos y garantizarle a su hijo una buena educación. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de una vitrina, la cual usará para el almacenamiento de hilos y telas, a fin de mejorar el orden y el aspecto de su taller.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yunia Patricia buy a display cabinet.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013