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Miryam Amparo
Miryam’s a single mother head of household. When she had her first child she realized the need to start working and this is how she started working in beauty shops. She liked it very much. Once she had acquired knowledge and experience, she opened her own beauty shop.

Miryam has overcome life’s adversities with much strength because being a single mother of two children and having to provide them with a good quality education and cover household expenses has caused her to strive hard every day at work in order to get ahead. Miryam wants to continue growing in her business and would like to buy barbering supplies so that her younger son can start working alongside her since he’s been studying the profession for some time now. Because she does not have sufficient capital to do so, Miryam is looking for a loan to buy the necessary tools to provide barbering services in her beauty salon.

Her dream is to be able to move forward and overcome the tough challenges life has presented her with. In addition, she hopes in the future to be able to buy her own house thus being able to provide her children with a more stable home.
View original language description ↓
Miryam es madre soltera cabeza de familia y desde que tuvo su primer hijo vio la necesidad de comenzar a trabajar, y fue así cuando empezó a trabajar en salas de belleza y le gusto mucho esta actividad. Ya teniendo el conocimiento y la experiencia, inició su propio salón de belleza. Miryam ha superado con una gran fortaleza las duras adversidades que se le han presentado en la vida, pues el hecho de ser madre soltera de sus 2 hijos, tenerles que brindar una educación de buena calidad, y sostener los gastos de su hogar, han hecho que se tenga que esforzar fuertemente todos los días en su trabajo para poder salir adelante. Miryam desea seguir creciendo en su negocio y desde poder comprar los artículos de barbería que necesita para que su hijo menor comience a trabajar a su lado, ya que durante un tiempo estudió la profesión. Pero debido a que no cuenta con el capital suficiente para esto, Miryam busca un préstamo para comprar las herramientas necesarias para ofrecer el servicio de barbería en su salón de belleza.

Su sueño es poder salir adelante y superar estas duras pruebas que le ha presentado la vida. Además, aspira a que en un futuro pueda comprar su casa propia y así tener la oportunidad de ofrecerles a sus hijos un hogar más estable.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,077,075
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,700 helped Miryam Amparo to buy beauty salon supplies.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Covered
Expired:
Sep 12, 2012