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Adriana María
Adriana is 47 years old, and life has taught her that making headway requires hard work and discipline. After her husband died, she became in charge of household expenses and her son's education, so she started a beauty salon out of her home. She learned this activity thanks to a relative. Thanks to her friendliness and her excellent service, she gained the respect and appreciation of her customers, which allowed her to expand her business and rent a site for her salon. Today, she feels like a big part of her dreams have come true because thanks to her work she has been able to provide her son with a better quality of life. She is requesting the loan to purchase beauty products and modify her salon with the goal to keep growing and make her salon the best in town.
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Adriana es una mujer de 47 años de edad, a la que la vida le ha enseñado que para salir adelante se requiere de esfuerzo y disciplina. Al fallecer su esposo, tuvo que hacerse cargo de los gastos del hogar y de la educación de su hijo, Por lo cual inició en la sala de su vivienda realizando cortes y cepillados a las personas del sector. Esta actividad la aprendió gracias a un familiar.
Por su amabilidad y excelente prestación del servicio esta mujer se ganó el respeto y el aprecio de sus clientes lo que le permitió expandir su negocio y alquilar un local. Hoy siente que gran parte de sus sueños se han cumplido porque gracias a su oficio le ha brindado a su hijo una mejor calidad de vida.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de productos de belleza y realizar adecuaciones locativas a su negocio con el propósito de seguir creciendo y convertir su salón de belleza en el mejor de su municipio.

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
  • 411
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Adriana María to purchase beauty supplies and modify her salon.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 7, 2013
Currency Exchange Loss:
Mar 19, 2014