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Yudy Elena
Yudy,35, is an energetic and hard-working woman. She is married and has 3 children whom she strives tirelessly for. She currently makes a living from sewing, supplying third parties. She learnt the trade from a training course which she received and she then gained experience and increased her knowledge whilst working as a machine operator in a sewing company, where she worked for 4 years. After this she took the initiative to branch out on her own as she needed to spend more time with her children and improve the family's income. This led her to set up her own workshop where she works from Monday to Saturday from 8am to 6pm. By doing this she generates enough income to help her husband with the financial responsibility for the household.

The loan requested will be used to buy a motorbike, which will make it easier for her to transport her finished products. Her customers don't travel to the area where she lives because of the frequent conflicts which occur between the various criminal gangs there. This means she has to transport the items herself, so she doesn't lose the customer contracts.

Yudy says that in spite of the various challenges she faces, she will continue to strive towards fulfilling her goals. In particular she wants to have a bigger workshop in a quieter area, where she can offer employment opportunities to mothers who are head of the household. Thus she will improve her family's quality of life and make a contribution towards better wellbeing for other people too.
View original language description ↓
Yudy es una mujer pujante y trabajadora, a sus 35 años de edad, es casada y madre de 3 hijos, por quienes lucha incansablemente.
Actualmente se dedica a la confección, prestando el servicio a terceros; el oficio lo aprendió en un curso de capacitación que recibió, luego obtuvo experiencia y aumentó sus conocimientos mientras trabajaba como operaria en una empresa de confección, donde estuvo por 4 años; luego tomó la iniciativa de independizarse, pues tenía la necesidad de estar más tiempo con sus hijos y mejorar los ingresos familiares; por ello montó su propio taller en el que trabaja de lunes a sábado de 8 am a 6 pm, de esta manera genera los recursos suficientes para apoyar a su esposo con la carga económica del hogar.
El crédito solicitado será invertido en la compra de una motocicleta, con la que podrá agilizar el transporte de la producción, pues los clientes no van al sector por los frecuentes conflictos que se presentan entre las bandas criminales que existen, por lo que ella debe encargarse del transporte, con el fin de no perder los contratos con los clientes.
Yudy manifiesta que, a pesar de los diferentes desafíos que se presentan, ella seguirá luchando por cumplir sus metas, especialmente tener un taller más grande y ubicado en una zona más tranquila, donde pueda ofrecer oportunidades de empleo a madres cabeza de hogar y así mejorar la calidad de vida de su familia y aportar para que otras personas también disfruten un mejor bienestar.

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.

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About Colombia

  • $6,070
    Average annual income
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,997.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,275 helped Yudy Elena to buy a motorbike for transporting her finished products.
46% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 27, 2014
Currency Exchange Loss:
Possible