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Sonia Yiseth
Sonia, 22, is a young woman who is dedicated to working in her fast-food business that came about as a way of earning income to contribute to her home’s upkeep. She works alone Tuesday to Sunday from 5-10pm. Her business has been located at home for a year and she’s earned sufficient income there to cover some off the family expenses.

She’s noted for being active, driven and enterprising with a positive outlook that has led her to attain what she’s set out to do. She’s currently asking for a loan to buy a cooler, tables, chairs and supplies at wholesale (sauces, cold-cuts, oil, potatoes) and also to do some physical improvements to the site. In this way she’ll have greater capacity to provide better service since her customers will be more comfortable and she’ll also change her site’s appearance which will attract new customers and this will be reflected in her sales and thus her income.

This is how Sonia intends to advance towards reaching her main dream which is to open a profitable restaurant where she can generate employment and have the opportunity of improving her family’s living conditions.
View original language description ↓
Sonia es una joven de 22 años de edad, dedicada a trabajar en el negocio de comidas rápidas que inició como una opción para generar ingresos y así aportar a la economía de su hogar. Trabaja sola de Martes a Domingo desde las 5:00 y hasta las 10:00 pm, su negocio se encuentra ubicado en su casa desde hace un año y desde allí ha logrado generar los recursos suficientes para solventar algunos gastos familiares. Ella se caracteriza por ser activa, pujante y emprendedora, con una mentalidad positiva que la ha llevado a lograr lo que se propone. Actualmente solicita el crédito con el fin de invertirlo en la compra de un enfriador, mesas, sillas e insumos al por mayor (salsas, carnes frías, aceite, papas), adicionalmente realizará unas adecuaciones locativas, de esta forma tendrá la capacidad de ofrecer un mejor servicio, pues los clientes estarán más cómodos y además cambiará la imagen del local, lo que le permitirá atraer nuevos clientes; esto se reflejará en el incremento de sus ventas y por ende de sus ingresos. Es así como Sonia desea avanzar hacia el cumplimiento de su principal sueño que es montar un restaurante, en el que pueda generar oportunidades de empleo y que sea rentable, así tendrá la posibilidad de mejorar las condiciones de vida de su familia.

Additional Information

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
  • 284
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,890.4
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Sonia Yiseth to buy a cooler, tables, chairs and supplies at wholesale and also to do some physical improvements to the site.
93% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Covered