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Laura
Laura is 34 years old and has a great passion for beauty. Since she was young girl, she dreamed of becoming a successful stylist. Now she is looking to make that dream a reality. Thanks to the opportunity given to her by her parents, Laura was able to enter an academy to learn her trade. After that, she made the decision to set up her own business that is open daily from 9 A.M. to 7 P.M.


Her greatest wish is to equip her beauty salon at the suggestion of her customers. For this reason, Laura is requesting a loan so that she can invest in shelves and supplies. Her goal is to increase her sales and to improve her living conditions.

View original language description ↓
Laura tiene 34 años de edad y su gran pasión es la belleza, desde niña soñó con ser una gran estilista. Hoy se encuentra en búsqueda de convertirlo en su realidad. Aprendió el oficio gracias a la oportunidad que le dieron sus padres de ingresar a una academia. Posteriormente tomó la decisión de montar su propio negocio el cual abre diariamente de 9 de la mañana a 7 de la noche.

Su mayor sueño es poder adecuar su salón de belleza, debido a que sus clientes se lo han sugerido, por esta razón se encuentra solicitando un crédito que invertirá en la compra de estanterías e insumos con el propósito de aumentar sus ventas y mejorar su condición 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

  • $6,070
    Average annual income
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Laura to buy shelves and beauty products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014