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Yulied Yurany
Yurany is a 30 year old woman, married and the mother of a 9 year old son.

She is currently unemployed, which has caused problems for her household's economic stability. She has experience working in the health industry, but because of a lack of employment opportunities she has decided to start her own business and will buy a grocery shop that belonged to her sister for about 6 years. This is why she is requesting a loan so she can invest it in buying the business, stock (dairy products, snacks, fizzy drinks, oil and bathroom products) and to buy specialized accessories for running her business.

Yurany wants to take advantage of this opportunity to earn an income ad to be able to offer a better education to her son. She also counts on the support of her sister, who will teach her how to run the shop. She also wants to fulfill her dream and to legalize and accredit the business as quickly as possible and have it grow, with an eventual goal of providing better service to the customers and improving the quality of her home life.
View original language description ↓
Yurany es una mujer de 30 años de edad, casada y es madre de un hijo de 9 años. Actualmente se encuentra desempleada, lo que ha generado una crisis en la estabilidad económica de su hogar. Ella ha tenido experiencia laboral en el área de la salud, pero por falta de oportunidades de empleo, ella tomó la decisión de comenzar con su propio negocio y comprará una tienda de abarrotes que era propiedad de su hermana, quien lo tenía hace aproximadamente 6 años, por este motivo solicita el crédito, para invertirlo en la compra del negocio, surtido (productos lácteos, mecato, gaseosas, aceite, productos de aseo) y pagará una asesoría especializada sobre el buen manejo de su negocio. Yurany desea aprovechar esta oportunidad para obtener ingresos y así poder brindarle una mejor educación a su hijo, además cuenta con el apoyo de su hermana, quien le enseñará todo lo relacionado con la tienda, además quiere cumplir un sueño y es poder legalizar y acreditar el negocio en poco tiempo y ampliarlo, con el fin de prestarle un mejor servicio a los clientes y por ende mejorar la calidad de vida en su hogar.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,875.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,700 helped Yulied Yurany to buy a business, stock (dairy products, snacks, fizzy drinks, oil and bathroom products), and specialized accessories.
100% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013