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Maria Lleraldin
María Lleraldin, 20, is the mother of a three-year-old son. She provides beauty services like haircuts and manicures. She started this business aiming at earning income necessary to support her son and thanks to knowledge imparted by a girlfriend. Encouraged to maintain and consolidate the clientele she has, María Lleraldin needs to buy beauty products and new work tools in order to provide better service and to consolidate her business.
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La joven Maria Lleraldin a sus 20 años es madre de un hijo de tres años de edad, se dedica a la prestación de servicios en belleza como corte de cabello y arreglo de uñas, este negocio inicio con el ánimo de generar los ingresos necesarios para la manutención de su hijo y gracias a los conocimientos que una amiga le brindó. Con el ánimo de mantener y consolidar la clientela que tiene, la señora Maria Lleraldin necesita de la compra de productos de belleza y nuevas herramientas de trabajo con lo cual pueda prestar un mejor servicio y consolidad su negocio.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,938.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Lleraldin to buy beauty products and work tools like a dryer and hair straightening iron.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013