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Leidy Johana
Leidy is a young, 20 year old entrepreneur. Five years ago, she started to work in order to generate income for her home and in order to collaborate with her parents on the family’s expenses since they were going through great economic difficulties. This is how she started to work as an employee doing nails and little by little, she acquired more experience. Wanting to become independent and create her own business, two years ago Leidy took some of her savings and started her own beauty salon. The salon offers nail services, haircuts and other services. Thanks to her now having her own business and being able to contribute economically, her household has the possibility to generate income that will allow them to move forward. Looking to overcome the capital difficult and move this project forward, Leidy is seeking a loan to purchase furniture and showcases to display her products and increase the beauty product sales that are sold in her business.
Her dream is to be able to move her business forward by offering good service to her customers and by doing this, she can increase her sales. In addition, she can create jobs for people who need them most and can contribute to improving the lives of others.
View original language description ↓
Leidy es una joven emprendedora de 20 años de edad que desde hace 5 años comenzó a trabajar en busca de generar ingresos para su hogar y poderles colaborar a sus padres con los gastos de la familia, ya que pasaban por grandes dificultades económicas. Fue así como inició trabajando como empleada realizando el arreglo de uñas y poco a poco fue adquiriendo más experiencia. Queriendo independizarse y generar su propio negocio, hace 2 meses Leidy tomó unos ahorros y montó su propio salón de belleza donde ofrece los servicios de arreglo de uñas, corte de cabello y otros servicios más, y gracias al cual ahora tiene su propio empleo y puede aportar económicamente para que en su hogar tengan la posibilidad de generar ingresos que le permitan salir adelante. Buscando superar la dificultad de capital y sacar adelante este proyecto, Leidy busca un préstamo para comprar muebles y vitrinas para exhibir sus productos y aumentar las ventas de productos de belleza que vende en su negocio.

Su sueño es poder sacar adelante este negocio ofreciéndole una buena atención a sus clientes y así aumentar sus ventas. Además de poder generar empleo para las personas más necesitadas y contribuir a mejorar la calidad de vida de otras personas.

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
  • 503
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Leidy Johana purchase furniture and showcases to display her products and increase the beauty product sales that are sold in her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013