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Yuliana Andrea
This is Yuliana, a woman full of energy and ambition. She is 23 and is married with two children.

She looks after her family every day and combines this with the sale of casual clothes and fabrics. She sells these things in person because she doesn't have a shop.

Her clients are mostly friends and family members who are pleased to help her by buying her goods.

She would like to stock her business and expand so she can reach more people. For this reason, she needs some financial assistance to buy a larger variety of clothes and have more stock to sell.

This will allow her to enjoy a better quality of life with her family, increasing her income and taking care of their needs.
View original language description ↓
Esta es Yuliana, una mujer llena de energía y esperanzas, tiene 23 años, es casada y tiene 2 hijos menores.
Ella se dedica todos los días a su familia y alterna este oficio con la venta de mercancía como ropa informal y ropa hogar, lo hace de manera personal ya que no cuenta con un local para hacerlo.
Sus clientes son en su mayoría amigos y familiares que con gusto le colaboran comprando su mercancía.
Ella tiene el deseo de surtir su negocio y expandir su actividad a más personas, por esta razón requiere de un amparo económico para comprar más variedad de ropa y así tener un inventario más amplio para vender.
Esto le permitirá gozar de una mejor calidad de vida para ella y su familia, aumentando sus ingresos y supliendo sus necesidades.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 485
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,931.4
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Yuliana Andrea to buy clothes in bulk to sell.
48% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible