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Yolima Vanesa
Yolima, 35, makes a living from making and selling fried food such as empanadas, cheese sticks, sausage, and more. She completes this work from her home where she has help from her parents. The income that she earns contributes to household expenses. She learned this skill in an empirical manner, using trial and error until she got good results. Her primary challenge is the competition in this sector because there are many people with similar businesses. However, this doesn't stop her from advancing. Her enterprising attitude and her desire to improve led her to request a loan to buy wholesale products such as vegetables, meat, cooking oil, and sauces, and to replace fixed assets including a deep-fryer and a grill. This will provide her with the materials she needs to make her products and satisfy customer demand, especially on the weekends when she has more customers. This will increase her personal income and she will have the opportunity to keep growing her business. She dreams of positioning herself in the market offering excellent quality products that will be recognized and more profitable so she will have a better quality of life along with her parents.
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Yolima es una mujer de 35 años de edad que se dedica a elaborar y comercializar alimentos fritos como empanadas, palitos de queso, morcilla, entre otros, esta actividad la realiza desde su lugar de residencia donde recibe ayuda de sus padres y con los ingresos que esto le genera puede aportar a la economía de su hogar. Esta actividad la aprendió de manera empírica, por el método de prueba/error y hasta el momento le ha dado buenos resultados, pero su principal desafío es la competencia que tiene en el sector, pues existen muchas personas que se dedican a actividades similares a la suya, sin embargo esto no la detiene para seguir avanzando. Su actitud emprendedora y sus ganas de superarse la impulsan a solicitar el crédito con el que desea comprar insumos al por mayor (verduras, carne, aceite, salsas) y cambiar los activos fijos (freidora, asador), con lo que tendrá materia prima disponible para elaborar los productos y satisfacer la demanda, especialmente los fines de semana donde tiene más afluencia de clientes; de esta forma podrá aumentar sus ingresos personales y tendrá la posibilidad de continuar acreditando su negocio, pues sueña con posicionarse en el mercado ofreciendo productos de excelente calidad, que sean reconocidos y que le dé una mejor rentabilidad para que le permita disfrutar de una mejor calidad de vida en compañía de sus padres.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,880.8
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,350 helped Yolima Vanesa to buy wholesale products such as vegetables, meat, cooking oil, and sauces; to replace fixed assets including a deep-fryer and a grill.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 12, 2013