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Denis Yaneth
Denis, 42, earns a living working as a seamstress. Because of the difficult economic situation of her family, she was unable to get an education and started working in this field when she was young.

Some years ago Denis decided to set up her own sewing shop and work independently. Now she is requesting a loan to buy fabric so she can fill the orders she has received.

Her greatest desire is to expand her business and be able to offer employment to people in her town.
View original language description ↓
Denis de 42 años de edad, se dedica al oficio de la confección, como medio de subsistencia. Debido a la difícil condición económica de su familia, Denis no tuvo la oportunidad de estudiar, por lo cual inició a laborar desde su juventud en este oficio.
Desde hace algunos años decidió montar su taller y trabajar como independiente. Hoy se encuentra solicitando un crédito que invertirá en la compra de telas para la confección de los pedidos solicitados.
Su mayor deseo es expandir su negocio y convertirse en una fuente de empleo para su localidad.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,833.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Denis Yaneth to buy fabric.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013