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Yurani Edisa
Yurani is 22 years old. She works in the field of transportation of people, since she has a motorcycle taxi. She got the idea when she saw that a person she was dating starting having good results with it. He works in that area and when she saw his results and the profitability, she decided to buy her first vehicle. An employee who works with her drives it. She is a driven young woman who is active and enterprising. She has a vision and she plans on meeting her goals. This has brought her to asking for the loan for help in continuing her work. She wants to get the money together to buy another motorcycle taxi. She already has a part of the money saved up. This way, she can increase her capacity for offering the service, doubling it and the income that this generates. Yurani wants to create a business to generate more job opportunities and thus improve her family financial stability and have a better quality of life.
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Yurani a sus 22 años de edad, se dedica a trabajar en el área de transporte de personas, ya que posee un moto taxi. La idea surgió cuando vio que a su compañero sentimental le comenzó a ir bien, pues él se dedica a trabajar en este campo y, viendo los buenos resultados y la rentabilidad decidió comprar su primer vehículo, el cual maneja un empleado que le colabora. La cliente es una joven pujante, activa y emprendedora, tiene visión y se proyecta hacia el cumplimiento de sus objetivos. Esto la lleva a solicitar el crédito como apoyo para continuar con su labor, pues desea ajustar el dinero para comprar otro moto taxi, ya que tiene una parte del dinero ahorrado; de esta forma podrá aumentar su capacidad para prestar el servicio, duplicando así la prestación de servicio y los ingresos que esta actividad le genera. Yurani desea crear empresa para generar más oportunidades de empleo y así mejorar la estabilidad económica familiar, con la que tendría una mejor calidad de vida.

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

  • $6,070
    Average annual income
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,895.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $3,700 helped Yurani Edisa to get the money together to buy a motorcycle taxi.
42% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Covered