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Flor Ángela
Flor Ángela is 43 years old. She is a woman who has had to go through hard times and heartbreaks, but with strength and an eagerness to get her children ahead she has been able to offer better opportunities in life to her family. Two years ago she separated from her husband and so she assumed all of the household responsibilities because her ex-husband didn't continue contributing to his children's needs.

She worked for several years at a beauty salon where she learned the trade and later she perfected it at an academy. Now she has opened her own beauty salon thanks to her savings from years of work. In able to keep growing in the local market, she is asking for a loan that she will invest in buying beauty products (a dryer, an electric trimmer, a sterilizer and dyes).
View original language description ↓
Flor Ángela de 43 años de edad, es una mujer que le ha tocado vivir la dureza y el desamor de muchos, pero con fuerza y ganas de sacar a sus hijos adelante ha logrado brindarle mejores oportunidades de vida a su familia. Hace 2 años se separó de su esposo, por lo cual asumió todas las responsabilidades de su hogar debido la a que su ex-cónyuge no siguió aportando para las necesidades de sus hijos.
Laboró por varios años en un centro de estética en donde aprendió del oficio y posteriormente lo perfeccionó en una academia. Actualmente montó su propio salón de belleza gracias a los ahorros de años de trabajo. Gracias a la actividad ha mejorado sus ingresos y ha garantizado la educación de sus hijos. Con el fin de seguir creciendo en el mercado local, se encuentra solicitando un crédito que invertirá en la compra de artículos de belleza (secador, máquina patillera, esterilizador y tinturas)

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
  • 527
    View loans »
    Colombia Loans Fundraising
  • $14,933,525
    Funds lent in using Kiva
  • 1,815.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Flor Ángela to buy beauty products (a dryer, an electric trimmer, a sterilizer and dyes).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014