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Yerna María
Yerna, 57, considers taking care of her children to be her main priority as a mother. Because of this she decided to study dressmaking and start her own business. This allowed her to generate income to sustain her home and give her time to be with her family.

She has been working in the garment industry for thirty years and feels that her work has been one of her greatest joys. It has allowed her to fullfil large projects throughout her life.

Today she is asking for a loan to buy fabric to sew school uniforms and take advantage of the current demand.

Her greatest wish is to be able to expand her business and to give women, who are heads of households, the chance to work so they can contribute towards the improvement of their quality of life.
View original language description ↓
Yerna de 57 años de edad, considera que su mayor prioridad como madre es velar por el cuidado y bienestar de sus hijos, llevada por su sentir, decidió estudiar confección y crear su propia empresa que le permitiera generar ingresos para sostener su hogar y que le brindara el tiempo para compartir con su familia. Hace 30 años labora en el sector de la confección y siente que su trabajo ha sido una de sus más grandes alegrías porque le permitió cumplir grandes proyectos que se trazó en la vida.
Hoy se encuentra solicitando un crédito con el fin comprar tela para confeccionar uniformes para la temporada escolar, con el fin de aprovechar la demanda.
Su mayor deseo es poder expandir su negocio y ofrecerles a las mujeres cabeza de familia la oportunidad de laborar para contribuir con el mejoramiento de la calidad de vida de cada una de ellas.

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.

About Colombia

  • $11,100
    Average annual income
  • 355
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yerna María to buy fabric to sew school uniforms.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 22, 2012
Feb 1, 2013
Currency Exchange Loss:
Jul 19, 2013