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Yuliana Shirley
Yuliana is an enterprising young woman of 25. During her working life she has been employed by various businesses selling ice cream and fruit, but with the intention of becoming independent and generating greater income on her own account, she took the initiative of opening her own ice cream store.

For this purpose, she already has a location in front of a school, but needs help to buy the fixed assets (refrigerator, freezer, tables and chairs, blender, kitchen utensils, and other items) and the necessary ingredients (ice cream, fruit, wafers, toppings) that will enable her to launch her business project, taking advantage of the experience she has to make it successful.

Currently her main challenge is affording the high costs one must pay to locate in this part of the city; but she knows that with effort, discipline and dedication she can overcome all the obstacles. Her principal desire is to see her business become well known, with an increasingly better reputation. This is so that with time, she can become well established and be assured of good financial stability, so that she and her husband can enjoy a better quality of life.
View original language description ↓
Yuliana, es una joven emprendedora de 25 años de edad, durante su vida productiva ha trabajado en diferentes negocios de ventas de helados y frutas pero, con el ánimo de independizarse y generar mejores ingresos por cuenta propia, tomó la iniciativa de abrir su propia heladería, para lo cual ya posee el local ubicado en frente de una institución educativa, pero requiere nuestro apoyo para comprar los activos fijos (nevera, congelador, sillas y mesas, licuadora, utensilios de cocina, entre otros) y los insumos necesarios (helados, frutas, barquillos, salsas dulces) con lo que podrá dar inicio a su proyecto productivo, aprovechando la experiencia que posee para sacarlo adelante. Actualmente su principal desafío es solventar los altos costos que debe pagar por ubicarse en este sector, pero sabe que con esfuerzo, disciplina y dedicación puede sobrepasar todos los obstáculos.
Su principal anhelo es poder dar a conocer su negocio y acreditarlo cada vez más para que logre tener permanencia en el tiempo y le garantice una estabilidad económica favorable para disfrutar de una mejor calidad de vida al lado de su esposo.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 248
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,931.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,150 helped Yuliana Shirley to buy fixed assets (refrigerator, freezer, tables and chairs, blender, kitchen utensils, other items) and the necessary ingredients (ice cream, fruit, wafers, toppings).
30% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Dec 3, 2013
Currency Exchange Loss:
Possible