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Yaneth María
Yaneth is 37 years old, has two younger children and she currently works as a domestic laborer for a family, an activity that she complements with the sales of cakes and bakery goods; with the goal of making enough money to support herself and for the education of her children. Currently, she wants to get training for making items like cheeses and a type of bread called "calado" so she can open her own business and be self employed. The reason she wants to ask for this credit is that she doesn't have her own resources to invest in making a business. She dreams to have her own home one day and to improve her family's quality of life.
View original language description ↓
Yaneth de 37 años, es madre de dos hijos menores de edad, se dedica a laborar como empleada del servicio en una casa de familia, actividad que complementa con la venta de postres y productos de panadería, con el fin de generar los ingresos para el sostenimiento y la educación de sus hijos.
En la actualidad desea capacitarse en la elaboración de productos a base de quesos y calados, con el propósito de montar su propio negocio e independizarse; razones que la han motivado a solicitar un crédito ya que no cuenta con recursos propios para realizar dicha inversión.
Sueña con tener una vivienda propia y mejorar la calidad de vida de su familia.

Additional Information

More information about this loan

This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.

In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their businesses.

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
  • 1,839.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Yaneth María get training for making cheeses and bread.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013