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Yeny Paola
Paola is 21 years old and the mother of a three-year-old baby. She and her partner are in a common-law relationship. After she finished high school, she decided to become a marketing and customer service professional, but she encountered few job opportunities because of the lack of experience. Paola decided to start her own business by opening an Internet café. This enables her to put her knowledge into practice while allowing her to keep an eye on her baby. Generating income will enable her to sustain her household financially.


Paola is an active, energetic, and enterprising young woman who is determined to complete her goals. For this reason, she is excited about requesting a loan so that she can invest in the purchase of computers and chairs. She will also repurpose her space so that she can implement her business idea.


By generating sufficient income, Paola will be able to address some of her basic household needs. She will also accomplish her dream of having a source of income that is reliable and sustainable over time. As a result, she can have a better quality of life that she can enjoy along with her family.

View original language description ↓
Paola, a sus 21 años de edad, es madre de un bebé de 3 años y vive en unión libre con su pareja. Luego de culminar sus estudios secundarios, decidió realizar una técnica profesional en mercadeo y servicio al cliente; pero por falta de oportunidades laborales por no contar con experiencia, ella decide iniciar su propio negocio; desea montar un café internet, donde podrá poner en práctica sus conocimientos y tendrá la posibilidad de estar pendiente de su bebé, de esta forma generará ingresos para aportar económicamente para el sostenimiento de su hogar. Paola es una joven activa, enérgica, emprendedora, con proyección hacia el cumplimiento de sus objetivos, por lo que se anima a solicitar el crédito, para invertirlo en la compra de computadores y sillas, además adecuará el espacio para poner en marcha su idea de negocio. Esto le generará los recursos suficientes para poder solventar algunas necesidades básicas de su hogar y podrá cumplir el sueño de tener una fuente de ingresos que sea perdurable y sostenible en el tiempo, para que le permita tener una mejor calidad de vida y disfrutarla al lado de su familia.

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

  • $11,100
    Average annual income
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,911.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Yeny Paola to buy computers and chairs and to pay for renovations to her space.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014