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Yurley Alejandra
Yurley is thirty years old and is the mother of one 8-year-old boy. She lives in a common-law marriage. Over the course of several years, she has made a living giving manicures and pedicures, an activity that she learned through a training course. This work has allowed her to generate resources to move herself ahead.

Presently, she works offering these nail services at home. She does not have an established schedule since her work depends on the demand of her customers, and working at home allows her to keep an eye on her son. She would like to have a regular, fixed job in her home.

For this reason, she is requesting a loan. She will buy a chair for her manicures and pedicures, and a massage chair for feet and hands. She will organize the space where she offers her services and buy supplies wholesale (cuticle cutters, nail clippers, files, nail polish, nail decorations, and others). This will allow her to continue working productively, but in better working conditions. She will become more profitable and will be able to save money.

In this way, Yurley hopes to continue working with dedication and great care in order to strengthen her business more and more each day so that she may reach a favorable state of economic stability. She will then be able to help her husband with the home expenses and to offer a better education and improved quality of life to her son.
View original language description ↓
Yurley, a sus 30 años de edad, es madre de un hijo de 8 años y vive en unión libre con su compañero sentimental. Durante varios años se ha dedicado a trabajar como manicurista y pedicurista, actividad que aprendió en un curso de capacitación que tomó y, que le ha generado los recursos para salir adelante. Actualmente trabaja prestando sus servicios a domicilio, razón por la que no tiene un horario de trabajo establecido ya que depende de las solicitudes de sus clientes pero, con el ánimo de estar más pendiente de su hijo, ella desea tener su puesto de trabajo fijo, ubicado en su lugar de residencia, razón por la que solicita el apoyo del crédito, con el que desea comprar una silla para manicure y pedicure, una máquina de masajes para pies y manos, adecuar el espacio y comprar implementos de trabajo e insumos al por mayor (corta cutícula, corta uñas, limas, esmaltes, accesorios de decoración, entre otros), esto le permitirá darle continuidad a su proyecto productivo, pero con mejores condiciones de trabajo, logrando mejor rentabilidad ya que podrá ahorrar el dinero que gastaba en el desplazamiento. De esta forma, Yurley desea seguir trabajando con dedicación y esmero, para fortalecer cada día más su negocio y lograr generar una estabilidad económica favorable para apoyar a su esposo con los gastos del hogar y brindar una mejor educación y calidad de vida a su hijo.

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

  • $6,070
    Average annual income
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,928.6
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Yurley Alejandra to buy a manicure/pedicure chair, a massage machine, and supplies wholesale (cuticle cutters, nail clippers, files, nail polish, nail decorations, and others).
44% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible