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Yurany Estefanía
Yurany is an enterprising young woman who at only 22 years old attends to her own business, a handbag store located in the main municipal park where she lives. She works there every day from 9:00 am to 7:00 pm and in this way generates sufficient income to support her husband in maintaining their home. The idea came as a way for her to earn her own money after having acquired experience as a salesperson in different stores. Her drive, spirit to succeed, and noble character has permitted her to achieve her goals and those of her business. She seeks a loan with which she can buy merchandise at wholesale (purses, suitcases, satchels, cosmetic bags, and others). This will enable her to offer a greater variety of products in order to satisfy her customer's likes and needs, achieving better sales during the Christmas season that is approaching, thus increasing the earnings she obtains. Yurany states that she will keep fighting in order to obtain the results that she hopes for, as she is ambitious and she wants her business to be profitable and continuously over time have a better quality of life.
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Yurany, es una joven emprendedora que, con tan sólo 22 años de edad se dedica a atender su propio negocio, un almacén de bolsos ubicado en el parque principal del municipio donde reside, allí trabaja todos los días de 9:00 am a 7:00 pm y de esta manera genera los ingresos económicos suficientes para apoyar a su esposo con la carga del hogar. La idea surgió como alternativa para ganar dinero por cuenta propia, luego de haber adquirido experiencia trabajando como vendedora en diferentes almacenes. Su empuje, espíritu de superación y la nobleza que la caracterizan le ha permitido lograr los objetivos que se propone y por ello, solicita el apoyo del crédito con el que desea comprar mercancía al por mayor (bolsos, maletas, morrales, cosmetiqueras, entre otros), esto le permitirá ofrecer mayor variedad de artículos para así satisfacer los gustos y requerimientos de sus clientes, logrando mejorar las ventas especialmente en la temporada de navidad que se aproxima, dando como resultado una mejoría notable en las ganancias que obtiene. Yurany manifiesta que debe seguir luchando para obtener los resultados que espera, pues es ambiciosa y por ello quiere acreditar bien su negocio para que éste sea rentable y le permita ser perdurable en el tiempo para tener 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.


About Colombia

  • $11,100
    Average annual income
  • 393
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    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 $2,600 helped Yurany Estefanía to buy merchandise at wholesale (purses, satchels, suitcases, cosmetic bags, and others).
94% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Dec 2, 2013
Currency Exchange Loss: