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Nazareth Del Socorro
Nazareth is an indefatigable fighter, since from a very early age she has looked for a way to get ahead via different lines of work, among them, as an assistant in a hair salon. There she learned everything having to do with this type of work until, some time ago, she decided to fly solo and create her own business, Style and Beauty. Although this entrepreneur works over 11 hours a day, seven days a week, she is aware that this is the way to get ahead and improve the quality of life for her and her family.

At 45 years of age, Nazareth is the mother of five children. She dreams of expanding her business and making it a hair salon that is known not only in Puerto Berrío Antioquia but also in the surrounding municipalities.

Currently she needs a loan to purchase beauty items that she may sell in her hair salon and thus increase her earnings.
View original language description ↓
Nazareth es una luchadora incansable pues desde muy joven ha buscado la manera de salir adelante a través de diferentes oficios, entre ellos, como asistente en una peluquería en la que aprendió todo lo relacionado con este oficio hasta que desde hace algún tiempo decidió volar sola y crear su propio negocio, Stilo y Belleza, y aunque esta emprendedora trabaja más de 11 horas diarias todos los días de la semana es consciente que esta es la manera de salir adelante y mejorar su calidad de vida y la de su familia.

A sus 45 años de edad, Nazareth es madre de 5 hijos y sueña con ampliar su negocio hasta convertirlo en una peluquería no sólo reconocida en Puerto Berrío Antioquia, sino también en los municipios cercanos.

Actualmente necesita de un préstamo para comprar artículos de belleza que pueda vender en su peluquería y así incrementar sus ingresos.



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

  • $6,070
    Average annual income
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,793.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Nazareth Del Socorro to purchase beauty items for selling to her customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jul 3, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013