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Yelitza Del Carmen
Yelitza is a single mother and the head of a family of three children. For approximately 31 years she has had a beauty salon that has allowed her to get her family ahead.

Yelitza learned the business from an early age and this has allowed her to have a great experience, which allows her to offer better service to the clients of her beauty salon.

Since the business has been running for a long time and also a long time without doing some renovations, Yelitza is asking for a loan, which will give her the opportunity to purchase a chair for her beauty salon and supplies to carry out her business. In this way, Yelitza could continue offering her clients good service and continue to have the source of income for the support of her children. Moreover, Yelitza hopes that her business will give her the opportunity to give her children a good quality of life and greater economic opportunities to get ahead.
View original language description ↓
Yelitza es una madre soltera cabeza de familia de 3 hijos, y hace aproximadamente 31 años tiene un salón de belleza con el que ha podido sacar adelante a su familia. Yelitza aprendió la actividad desde muy temprana edad y esto le ha permitido tener una gran experiencia que le permite ofrecer a sus clientes un mejor servicio en su salón de belleza. Debido a que el negocio ya lleva un largo tiempo funcionando y también un largo tiempo sin hacer algunas remodelaciones, Yelitza busca que un préstamo le brinde la oportunidad de acceder a la compra de una silla para su salón de belleza e insumos para llevar a cabo su actividad.

De esta manera, Yelitza podrá seguir ofreciendo a sus clientes un buen servicio y seguir teniendo la fuente de ingresos para el sostenimiento de sus hijos. Además, Yelitza espera que este negocio le brinde la oportunidad de ofrecerles a sus hijos una buena calidad de vida y mayores oportunidades económicas para progresar.

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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,630,925
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Yelitza Del Carmen to purchase a chair for her beauty salon and supplies to carry out her business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 28, 2012
May 1, 2012
Currency Exchange Loss:
Apr 17, 2014