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Gloria Yaneth

Update on Gloria Yaneth

Gloria, 35, is a mother of three children who are 19, 15 and 8 years of age; she’s a head of household. She works selling merchandise like clothes and accessories but a few months ago decided to alternate this activity with raising and fattening up chicks to sell chickens and eggs aiming at improving her economic condition and guaranteeing a good education for her children. The reason why she’s asking for a loan is to buy chicks and feed concentrate because she’s been well-received in her location. She dreams with enlarging her coop and become the biggest supplier in her region.
View original language description ↓
La señora Gloria a sus 35 años de edad es madre cabeza de familia de tres hijos de 19, 15, y 8 años de edad. Se dedica a la venta de mercancía como ropa y accesorios, pero desde hace algunos meses decidió alternar la actividad con la cría, engorde y venta de pollos y huevos, con el fin de mejorar su condición económica y garantizarles a sus hijos una buena educación. Razón por la cual se encuentra solicitando un crédito que invertirá en la compra de pollos y concentrado debido a la buena acogida que ha tenido en su localidad. Sueña con ampliar su galpón y convertirse en la mayor distribuidora en su región.

Previous Loan Details

Sra. Gloria is 34 years old and the mother of three children (ages 18, 14, and 7). She has her own business in which she has sold merchandise for the past seven years. This business provides the necessary income to pay for the household expenses. Gloria sells merchandise to her friends, relati... More from Gloria Yaneth's previous loan »

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,847.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Gloria Yaneth to buy chicks and feed concentrate.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 23, 2013
May 24, 2013
Currency Exchange Loss:
Oct 20, 2013