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Liliana Yuliet
Liliana, 30 years old, is single and doesn't have children yet. She has spent her whole working life working in different food stores and restaurants, where she has gained experience and earned sufficient income to support herself and her parents. She is a hardworking, entrepreneurial woman with the desire to get ahead. It is for this reason that she decided to run her own cafe independently. She bought a business with the savings she had accumulated, where she sells ice cream, fast food, soft drinks, snacks, and liquor, among other things. She has had this business for about six months now.

Liliana is asking for this loan to make improvements to her business. She wants to invest it in fixed assets (a freezer, display cases, coolers) and stock (soft drinks, snacks, liquor, beer, meat products, bread, etc.). These purchases will improve the appearance of her business to make a more positive impression on the people who see it. She will also have supplies and stock available to satisfy the needs and tastes of her customers, allowing her to increase her sales and profits. This will let her fulfill her dreams of seeing her business grow and of offering employment opportunities to her relatives.
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Liliana a sus 30 años de edad es soltera y aún no tiene hijos. Toda si vida productiva laboró como empleada en diferentes cafeterías y salsamentarías, donde adquirió experiencia y los ingresos suficientes para su sustento y el de sus padres. Es una mujer trabajadora, emprendedora y con ganas de salir adelante, razón por la cual decidió independizarse y con los ahorros que había acumulado compró un negocio donde ofrece helados, comidas rápidas, gaseosas, mecato, licor, entre otros productos, esto hace ya aproximadamente 6 meses. Liliana solicita el crédito como un apoyo para el mejoramiento de su negocio, ya que lo desea invertir en la compra de activos fijos (nevera, vitrinas, enfriadores) y surtido (gaseosas, mecato, licor, cerveza, productos cárnicos, pan, etc), con esto podrá darle una mejor imagen a su negocio, que genere una percepción más positiva en las personas que transitan por la zona y tendrá disponibilidad de insumos y productos para satisfacer las necesidades y gustos de los clientes, aumentando así sus ventas y mejorando los ingresos, esto le permitirá cumplir el sueño de hacer crecer su negocio y brindar oportunidades de empleo a sus familiares.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,889.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Liliana Yuliet to buy fixed assets (a freezer, display cases and coolers) and stock (soft drinks, snacks, etc.).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 25, 2014