Check out some available loans that are similar to this one!
Paula Andrea
Without a lot of capital, Paula started her beauty salon and cosmetology service business, with which she has been generating the necessary income to support herself and her child. Paula opened her business offering only cutting and brushing hair, but she began to study cosmetology and later managed to acquire massage equipment, and so she expanded the services she offered to her customers. Thanks to this she has been able to attract a large number of customers and her business is very well known for her good customer service.

With this business, Paula has given her two-year-old son a good quality of life despite the fact that his father had abandoned them a long time ago. This is why Paula wants to continue increasing her sales and offering a better quality of life in her home.

For the purchase of new massage equipment, Paula is looking that a loan gives her the possibility to buy an ultracavitation machine with which she can give better massage service to her customers.

Paula hopes that in this way her clientele will increase considerably because she will be able to offer complete service with which her customers will be more satisfied and will refer her business.

In addition, Paula hopes that, with the greater income, she can offer her son a better quality of life and better economic opportunities for his progress. Paula dreams about having a big beauty center, located in her own place and where she can offer more employment for the neediest people.
View original language description ↓
Sin un gran capital Paula inició su negocio de salón de belleza y servicios de cosmetología, con el cual ha venido generando los ingresos necesarios para su sostenimiento y el sostenimiento de su hijo. Paula en un principio abrió su negocio ofreciendo solamente el servicio de corte y cepillado del cabello, pero comenzó a estudiar cosmetología y posteriormente logró adquirir equipos de masajes y así fue aumentando la oferta de servicios que ofrece a sus clientes. Gracias a esto, ha podido captar un gran número de clientes y su negocio es muy reconocido por el buen servicio que ofrece. Paula, con este negocio, le ha permitido a su hijo de 2 años tener una buena calidad de vida sin importar que su padre los haya abandonado desde hace un tiempo, y es por esto que Paula quiere seguir aumentando las ventas de su negocio y ofrecer mejor calidad de vida en su hogar. Para la compra de un nuevo equipo de masajes, Paula busca que un préstamo le brinde la posibilidad de acceder a la compra de un equipo de ultracavitación con el cual pueda ofrecer un mejor servicio de masajes a sus clientes.

Paula espera que de esta manera sus clientes aumenten de manera considerable, pues ya podrá ofrecer un servicio completo con el cual sus clientes quedarán más satisfechos y tendrán como referencia su negocio. Además, Paula espera con mayores ingresos ofrecer a su hijo una mejor calidad de vida y ofrecerle mayores oportunidades económicas para su progreso. Paula sueña con tener un gran centro de estética, ubicada en un local propio y en el cual pueda ofrecer más empleo para las personas más necesitadas.

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Paula Andrea to buy an ultracavitation machine to give better massage service to her customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013