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Miryam
Miryam learned how to cut and style hair, and also do manicures, approximately 25 years ago. She worked for a long time in a beauty salon, after which she wanted to work for herself so she set up her own beauty salon. Thanks to this activity, Miryam is able to collaborate with her husband in generating income for her household, where she lives with her two children, aged 12 and 16, in addition to her husband.

She set up her beauty salon with very little capital, and bit by bit she has been able to improve her work tools. Miryam has very good customers, mainly because of the good service that she provides. Thanks to this, her sales have increased in recent months.

With the goal of continuing to attract customers to her business, Miryam wants to make it more attractive for her customers. For this reason, she wants to paint the walls of her beauty salon, and also purchase some tools for her work. As she doesn't have sufficient capital to do this, Miryam hopes that a loan will provide her with the opportunity of making improvements to her beauty salon, such as painting the walls and purchasing some tools for her work.

Miryam hopes to continue growing her sales so as to generate sufficient income to support her household. Additionally, she also hopes that her business will grow, so that she can create employment for the people who are most vulnerable. She also dreams of providing her children with a good education and financial stability.
View original language description ↓
Miryam aprendió desde hace aproximadamente 25 años la actividad del corte y cepillado del cabello, además del arreglo de uñas. Trabajó durante mucho tiempo en una sala de belleza, y luego quiso independizarse y montar su propia sala de belleza. Gracias a esta actividad, Miryam colabora con su esposo a la generación de ingresos para su hogar, donde convive, además de con su esposo, con sus 2 hijos de 12 y 16 años de edad. El salón de belleza lo montó con muy bajo capital y poco a poco ha ido mejorando sus implementos de trabajo. Miryam tiene muy buenos clientes, principalmente por el buen servicio que ofrece, y gracias a esto sus ventas se han incrementado en los últimos meses. Con el ánimo de seguir atrayendo clientes a su negocio, Miryam quiere hacerlo más atractivo para sus clientes, es por esto que quiere pintar las paredes de su salón de belleza y también comprar algunas herramientas de trabajo. Debido a que no cuenta con el capital suficiente para realizar esto, Miryam tiene la esperanza en que un préstamo le brindará la posibilidad de acceder a realizar mejoras locativas a su salón de belleza como pintar las paredes y comprar herramientas de trabajo.

Miryam espera seguir aumentando sus ventas para poder generar ingresos suficientes para el sostenimiento de su hogar. Además, espera que su negocio crezca para poder generar empleo para las personas más vulnerables y también sueña con brindarles a sus hijos una buena educación y una estabilidad económica.

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
  • 191
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,783.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Miryam to make improvements to her beauty salon, such as painting the walls and purchasing some tools for her work.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014