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Blanca Yised

Update on Blanca Yised

Blanca is a young entrepreneur. For six years she has worked selling merchandise (clothes, beauty and personal care tools and paper goods). She works at a locale in a town in Eastern Antioquia. She wants to invest the loan in paying off a current balance with the agency and in buying more merchandise for her business. This way, she can acquire discounts and therefore more profitability. Her dream is to expand her store and gain recognition in the area.
View original language description ↓
Blanca es una joven emprendedora, dedicada hace seis años a la venta de mercancía (ropa, implementos de belleza y cuidado personal y papelería), atiende en un local en un municipio del oriente antioqueño. Ella quiere invertir el crédito en el pago de un saldo pendiente con la entidad y en la compra de más mercancía para su negocio, con lo que podrá adquirir descuentos y por lo tanto mayor rentabilidad. Su sueño es ampliar el almacén y ganar reconocimiento en el sector.

Previous Loan Details

Blanca is twenty-seven and a prime example that discipline and efforts can lead you to your goals. "What is important is to not give up, one must keep going even in the deepest darkness, and believe that there is a guiding light at the end of the tunnel." This is Blanca's explanation on how she m... More from Blanca Yised's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Colombia

  • $6,070
    Average annual income
  • 163
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,964.4
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Blanca Yised to buy merchandise (clothes, beauty and personal care tools and paper goods).
36% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2014
Listed
Apr 7, 2014
Currency Exchange Loss:
Possible