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Mónica Yuliana
Mónica, 27, is married and mother of two children. She and her husband started their own business some time ago, a hardware store in one of the city’s popular neighborhoods. She’s taught herself this work and started taking accounting courses that have helped her become better organized with her business and she’s generated enough income to help her husband with household expenses.

Her drive, effort and perseverance have made it possible for her to get ahead and this is why she’s encouraged to seek a loan to help her stock her business. She will use the money to buy stock merchandise like nails, screws, nuts, pliers, screwdrivers, etc. at wholesale which will allow her to have a more varied inventory on-hand to meet all her customers’ needs significantly improving her sales and income levels.

In this way, Mónica hopes to continue striving to give continuity to her business for her dream is to strengthen it and make it well-known so that it will be more profitable and long-lasting generating higher income so that she can have the opportunity of completing her university studies and apply all her knowledge to her business’ growth thus improving all her loved-ones’ well-being and quality of life.
View original language description ↓
Mónica, a sus 27 años de edad, es una mujer casada y madre de 2 hijos. Desde hace algún tiempo inició su propio negocio en compañía de su esposo, una ferretería en un barrio popular de la ciudad, siendo empírica en esta labor, ella comenzó a tomar clases de contabilidad, lo que le ha permitido ser más organizada con el manejo de su unidad productiva y, así ha generado los ingresos suficientes para apoyar a su esposo con la carga económica del hogar. SU empuje, empeño y perseverancia le han permitido salir adelante y por ello, se anima a solicitar el crédito como apoyo para surtir su negocio, con el dinero comprará mercancía al por mayor (clavos, tornillos, tuercas, alicates, pinzas, entre otros), esto le permitirá ampliar la variedad de su inventario y así satisfacer todas las necesidades de sus clientes, mejorando notablemente su nivel de ventas y sus ingresos. De esta manera Mónica desea seguir luchando para dar continuidad a su negocio, pues su sueño es fortalecerlo y acreditarlo para que sea más rentable y perdure en el tiempo, generando mejores ingresos para tener la oportunidad de culminar sus estudios universitarios y poder aplicar todo su conocimiento en el crecimiento de su proyecto productivo, mejorando además el bienestar y la calidad de vida de todos los que ama.

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
  • 291
    View loans »
    Colombia Loans Fundraising
  • $17,904,550
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Mónica Yuliana to buy merchandise at wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 29, 2013
Currency Exchange Loss:
Apr 17, 2014