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Clara Ynes
Clara is a strong and hardworking 40-year-old woman. She has spent 10 of those years selling merchandise through a catalog- work that generates enough income to help her husband with the household expenses and to put her two teenage children through school.

Her customers are neighbors, relatives, friends and people who live in hard-to-reach areas; however, she does her work with enthusiasm and a positive attitude. This enables her to stay close to home and spend more time with her family.

She will invest the loan that she is requesting in the purchase of merchandise like clothing, perfume and accessories, with the aim of taking advantage of the special seasons that are coming up. This will enable her to have a greater availability and variety of items to satisfy her customers' tastes, thereby increasing the earnings that she obtains with her work.

Clara dreams of acquiring her own house where she can offer greater well-being and quality of life to her family. In addition, she wants to give her children a quality education so that they can be honorable and successful professionals.
View original language description ↓
Clara es una mujer pujante y trabajadora de 40 años de edad, 10 de ellos dedicados a la venta de mercancía por catálogo, actividad que le genera ingresos suficientes para apoyar a su esposo con la carga económica del hogar y para brindar educación a sus dos hijos adolescentes.
Sus clientes son vecinos, familiares, amigos y personas en otras zonas de difícil acceso, sin embargo trabaja con ánimo y entusiasmo, pues esto le permite estar pendiente de su hogar y dedicarle más tiempo a su familia.
El crédito que solicita lo invertirá en la compra de mercancía como ropa, perfumería y accesorios, con el fin de aprovechar las temporadas especiales que se acercan; lo que le permitirá tener mayor disponibilidad de artículos y una variedad para satisfacer los gustos de su clientela, incrementando así los ingresos que obtiene con su labor.
Clara sueña con adquirir una casa propia en la que pueda brindar un mejor bienestar y calidad de vida a su familia, además desea brindar una educación de calidad a sus hijos para que sean profesionales íntegros y exitosos.

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
  • 284
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,980.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Clara Ynes to purchase merchandise like clothing, perfume and accessories in order to take advantage of seasonal demand.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015