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Luz Adriana
Luz Adriana is 42 years old. She has faced many difficult times but with much strength and the love of her family, she has been able to pick herself up and keep fighting her battles in life. A year ago she and husband became separated. This continues to be a difficult situation that has greatly affected her two children ages 13 and 15. Since the separation, Luz's ex-husband stopped helping her with their children's expenses, so she is solely responsible for the well-being of her home.

Luz worked for several years in a beauty salon, where she learned the trade. Later, she perfected her skills in a beauty academy. Currently, Luz runs her own beauty salon from her home. With this business she hopes to increase her earnings and be able to provide her children with a good education. For this reason, Luz is requesting a loan: to invest in the purchase of beauty products, a stylist's desk, a mirror, and a hair-washing station.
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Luz Adriana de 42 años de edad, es una mujer que ha caído en muchas ocasiones, pero con su fuerza y amor por su familia vuelve a levantarse y a seguir la dura batalla con la vida. Hace 1 año se separó de su esposo, situación que ha afectado considerablemente a sus dos hijos de 13 y 15 años de edad, los cuales aún no asimilan la situación. Desde la separación, su ex-compañero no siguió aportando para los gastos de sus hijos, por lo cual Luz ha tenido que velar por el bienestar de su hogar.

Laboró por varios años en un centro de estética en donde aprendió del oficio y posteriormente lo perfeccionó en una academia. Actualmente se encuentra montando su propio salón de belleza en la sala de su vivienda con el fin de mejorar sus ingresos y poder garantizarle a sus hijos una buena educación. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de artículos de belleza, tocador, espejo y lava-cabezas.


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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,644,175
    Funds lent in using Kiva
  • 1,791.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Luz Adriana to buy beauty products, a stylist's desk, a mirror, and a hair-washing station.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013