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Eliana Cristina
Eliana Cristina is 28 years old and has a six-year-old son. She is an enterprising woman and a fighter. From a young age, she liked everything that had to do with beauty. She started to develop herself in this business at the age of 15, when she and a friend did manicures and pedicures and she started to earn her own income. She has taken beauty training courses and she became a stylist. About one year ago, she joined up with a friend, but they had some problems, so she decided to become independent.

She would like to invest this loan in the purchase of beauty products (hair dye, nail polish, and makeup), furniture, and equipment to open her own beauty salon. Her greatest dream is to grow her business, to become very well-known, and to improve her income so she can have her own house, provide for her son, and give him a better quality of life.
View original language description ↓
Eliana Cristina es una mujer de 28 años de edad, madre de un hijo de 6 años. Es una mujer emprendedora y luchadora, desde muy joven le agrada todo lo relacionado con la belleza y comenzó a desempeñarse en esta actividad desde los 15 años, cuando le colaboraba a una amiga haciendo manicure y pedicure y así comenzó a generar sus propios ingresos. Ha realizado cursos de capacitación en belleza y se convirtió en estilista. Hace aproximadamente 1 año se había asociado con una amiga pero han tenido algunas dificultades, por lo que decidió independizarse. El crédito lo desea invertir en la compra de productos de belleza (tintes, esmaltes para uñas, maquillaje), muebles y enseres para montar su propia sala de belleza. Su mayor sueño es hacer crecer su negocio, ser muy reconocida y así poder mejorar sus ingresos para adquirir su casa propia, poder sacar su hijo adelante y brindarle una mejor calidad de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,807,275
    Funds lent in using Kiva
  • 1,925.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Eliana Cristina to buy beauty products (hair dye, nail polish, makeup), furniture, and equipment.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014