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Paula Andrea
“Life is full of challenges and dreams to achieve.” With this sentence, 29 year old Paula Andrea tells us how she began her career as a manicurist. Since she was a little girl, she always knew that beauty was her strong point because all of her schoolmates sought her out for hairstyles. This is how she began learning and then perfected the skill in a trade school. Later she began working out of her home.

Her greatest passion is her work. She loves what she does and she enjoys it 100%. She wants to start her own salon but doesn’t have the necessary resources to do it, so she is requesting a loan to buy a display case and inventory to take the first steps in her grand project. Paula is hoping that this investment will generate the necessary income to provide her children with a better quality of life.
View original language description ↓
“La vida se encuentra llena de retos y de sueños por cumplir” con esta frase Paula Andrea de 29 años nos cuenta como inició en su oficio como manicurista. Desde niña siempre tuvo claro que el área de belleza era su fuerte, pues en el colegio todas sus compañeras la buscaban para que las peinara y les maquillara las uñas, de esta forma fue adquiriendo la habilidad, hasta que la perfeccionó en una academia. Posteriormente se dedicó a laborar como independiente con servicio a domicilio.

Su mayor pasión es su trabajo, ama lo que hace y lo disfruta ciento por ciento. Sueña con poder montar un salón de belleza pero aún no cuenta con los recursos para hacerlo, por lo cual se encuentra solicitando un crédito para la compra de una vitrina y surtido para dar los primero pasos de su gran proyecto. Paula espera que esta inversión le genere los ingresos suficientes para brindarles a sus hijos una mejor calidad de vida.

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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,762.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Paula Andrea to buy supplies and a display case.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013