Emilse is a woman who has the responsibility of being both mother and father to her 14-year-old twins. Ten years ago, she separated from her husband and had to provide for her family alone. "It has not been easy, but my children fill me with the motivation to fight every day and to be able to offer them the best." With these words, Emilse tells us about the life she has lived since she has no financial support from her spouse.
Despite the difficult times she has been through, she managed to overcome her situation by drawing on her innate potential for hairdressing and everything related to the field of beauty. Her mother lent her the money to start her business in order to generate income and maintain her home.
Today, her hair salon has allowed her to improve her quality of life and provide her children with food, clothing, and an education. Although she acknowledges that her life has improved considerably, she hopes to become a great entrepreneur. Therefore, she is applying for a loan to invest in the purchase of a chair for haircuts and beauty products, in order to expand her product portfolio and improve her services.
Emilse es una mujer a la que le ha tocado ser madre y padre al mismo tiempo de dos gemelos de 14 años de edad. Hace 10 años se separó de su esposo y le tocó sacar adelante a su familia. “No ha sido fácil pero mis hijos me llenan de motivos para querer luchar cada día y poderles ofrecer lo mejor” con estas palabras Emilse nos cuenta como ha sido la vida que le tocó vivir desde que no cuenta con el apoyo económico de su cónyuge.
A pesar de la difícil situación por la que atravesó, logró sobreponerse y sacar el potencial innato que poseía para la elaboración de peinados y todo lo relacionado con el área de belleza. Su madre le prestó el dinero para montar su negocio y poder generar ingresos para el sostenimiento de su hogar.
Hoy, su peluquería le ha permitido mejorar su calidad de vida y ofrecerles alimento, vestuario y educación a sus hijos. Aunque reconoce que su vida ha mejorado considerablemente, ella desea convertirse en una gran empresaria, y para ello se encuentra solicitando un crédito, que invertirá en la compra de una silla para cortes y productos de belleza, con el fin de ampliar su portafolio de productos y mejorar su servicio.
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.