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Yeison
Yeison is a young man of 19 years of age. He is a businessman with a great future ahead of him. With his charisma and drive, he wants to start his own business. This will allow him better opportunities to grow in his sector of production. Although he has the desire and ideas, Yeison is lacking the economic resources to finance his creation of a business dedicated to the sale of drinks and snacks. This is why he is requesting a loan to invest in tables, chairs and a refrigerator. He hopes to better his quality of life and to have the opportunity to go to college and start his education.
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Yeison es un joven de 19 años de edad, emprendedor y con un gran futuro por delante. Con su carisma y empuje, desea iniciar con su proyecto de negocio, el cual le permitirá tener mejores oportunidades de crecer dentro del sector productivo. Aunque lo que le sobran son ganas e ideas, Yeison carece de recursos económicos para financiar la creación de su negocio dedicado a la venta bebidas y mecatos, motivo por el cual se encuentra solicitando un crédito que invertirá en la compra de mesas, sillas y un refrigerador. Espera mejorar su calidad de vida y poder tener la oportunidad de ingresar a la universidad e iniciar con su formación académica.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young 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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,892.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,325 helped Yeison to buy tables, chairs and a refrigerator.
78% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Covered