Yury, at 24 years old, is married and a mother of a four year old son. She spends her time tending to her small business which produces wafer cookies and ice cream cones. She learned the trade from her sister who also has a similar small business. She has the help of two employees and works daily from 8am to 10pm. She distributes her products to various ice cream shops and wafer cookie salesmen. This is how she makes income to support her husband with their living expenses. Her drive, determination, and succeeding attitude motivate her to look for new ways that will allow her to keep moving forward. For this reason, she applied for a loan so she can buy machines to make her products. This will help to increase her current capacity so she can produce a greater volume of products and satisfy demand which increases during the Christmas season. This will make greater profits. Yury dreams of strengthening and establishing a good reputation for her business. In the future, she hopes to expand her business by increasing production, creating more job opportunities, and having her own brand that is recognized throughout the country. With this, she will not only improve her quality of life, but also help other people realize their dreams.
Yury, a sus 24 años de edad, es casada y madre de un hijo de 4 años. Actualmente se dedica a atender su propia microempresa de fabricación de obleas y barquillos, oficio que aprendió de su hermana, quien también posee una pequeña empresa similar. Cuenta con el apoyo de dos empleados y trabaja diariamente de 8 am a 10 pm, la producción la distribuye en diferentes heladerías y a comerciantes de obleas, así genera los ingresos suficientes para apoyar a su esposo con la carga económica del hogar.
Su empuje, empeño y actitud de superación la motivan para buscar nuevas alternativas que le permitan seguir avanzando, por ello solicita el crédito con el que desea comprar máquinas para elaborar sus productos; esto le permitirá aumentar su capacidad instalada y podrá producir mayor volumen para satisfacer la demanda que se incrementa en la temporada navideña; dejando mejores ganancias.
Yury sueña con fortalecer y acreditar bien su negocio y, en un futuro desea ampliarlo para aumentar la producción, generar más oportunidades de trabajo y tener una marca propia que sea reconocida en el país, así mejorará no sólo su calidad de vida, sino que aportará para que otras personas puedan lograr sus sueños.
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.