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Yurani Andrea
Yurani is head of the household and mother of two younger children. She has been in the business of sewing for a few years, but now she is looking for a credit that she will invest in getting the training necessary for making cold cuts, with the goal of alternating this activity with that of sewing and to improve her earnings she takes home.
She assures us that she thinks her new business is viable and sustainable and that is why she wants to get the training and open a new path into the commercial world. Her dream is to have a stable economy and to improve her family's quality of life.
View original language description ↓
Yurani, es ama de casa y madre de dos hijos menores de edad, se dedica al oficio de la confección desde hace algunos años, pero en la actualidad se encuentra solicitando un crédito que invertirá en capacitarse en la elaboración de carnes frías con el fin de alternarlo con el oficio de confección y mejorar los ingresos para su hogar.
Asegura que ve viable y rentable el negocio de carnes frías y por lo cual desea capacitarse y abrirse camino el mundo comercial. Sueña tener una estabilidad económica 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
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,839.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Yurani Andrea training for making cold cuts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013