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María Nubia
María, 46, is a woman noted for her responsibility and kind way of treating customers. She’s been a stylist for ten years, an activity she learned empirically and perfected thanks to the opportunity she had of entering a beauty academy.

She works every day from nine in the morning until eight at night with one of her daughters; they are her greatest reason for moving forward. She wants to provide them with higher education which is why she strives to generate the largest possible number of customers and earn higher income.

She’s currently asking for a loan to buy a hair-washing sink and supplies in general to provide better quality of service. Her greatest challenge is the high level of competition in her town which is why she feels that her competitive edge is good service.
View original language description ↓
María de 46 años de edad, es una mujer que se caracteriza por su responsabilidad y amabilidad para tratar a sus clientes. Desde hace 10 años es estilista, actividad que aprendió de manera empírica y perfeccionó gracias a la oportunidad que tuvo de ingresar a una academia de belleza.
Labora todos los días de nueve de la mañana a 8 de la noche en compañía con una de sus tres hijas, las cuales son su mayor razón para salir adelante. Desea poderles brindar acceso a la educación superior, por lo cual se esfuerza por generar el mayor número de clientes y obtener mejores ingresos.

En la actualidad se encuentra solicitando un crédito que invertirá en la compra de lava-cabezas y surtido en general, para ofrecer una mejorar calidad en el servicio.
Su mayor reto es la gran competencia que existe en su municipio por lo cual considera que la mejor ventaja comparativa es la buena atención.

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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,789.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped María Nubia to buy a sink and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Feb 5, 2013
Currency Exchange Loss:
Nov 18, 2013