Diana, 24, has worked as a stylist, an occupation she learned thanks to an opportunity she had to attend a beauty academy. Although she did not have the economic resources to buy study tools, she did not give up and managed to get the money needed to start developing her potential. Today, two years after getting her diploma, Diana works at home doing hair styling, manicures and pedicures. Her business has grown and she wants to organize the business in a proper space and to do so is asking for a loan to buy a table, supplies and to do physical adjustments. Her greatest dream is to have an accredited business that will allow her to earn higher income to improve her family’s quality of life.
Diana de 24 años de edad, se ha dedicado a laborar como estilista, este oficio lo aprendió gracias a la oportunidad que tuvo de acceder a una academia de belleza. Aunque no contaba con los recursos económicos para adquirir los implementos de estudio, no se dio por vencida y logró conseguir el dinero para comenzar a desarrollar su potencial. Hoy después de dos años de haber terminado su diplomado, Diana labora a domicilio realizando peinados, manicure y pedicure. Su negocio ha ido creciendo y actualmente desea organizar su negocio en un local y para ello se encuentra solicitando un crédito que invertirá en la compra de una mesa, insumos y adecuaciones locativas.
Su mayor sueño es poder tener su negocio acreditado, que le permita generar mayores ingresos para mejorar la calidad de vida de su familia.
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.