Yira Yasmín is 30 and the mother of an 11-year-old daughter. She lives in a free union with her partner. For eight years, she has been a hair and body stylist, offering in-home services and working at styling salon as a manicurist on weekends. She is able to support her family this way. She is dedicated and hardworking and has received continuous training in these services. Her goal is to keep supporting her daughter's education.
She has applied for a loan to buy a motorcycle, which will save her money and time as she travels from one location to another for client appointments. This will improve the service she offers, and she will be able to serve more clients each day. Her great dream is to create a savings plan to buy a house in the near future and to offer her daughter a better life.
Yira Yasmín es una mujer de 30 años de edad, madre de una hija de 11 años y vive en unión libre con su actual pareja. Hace 8 años se dedica a la profesión de estilista capilar y corporal, prestando sus servicios a domicilio y complementa con el trabajo en un centro de estética los fines de semana, desempeñándose como manicurista; de esta manera adquiere los ingresos para el sostenimiento de su familia. Es una mujer dedicada y trabajadora, se ha capacitado constantemente en dicha actividad y todo lo que hace es con el fin de seguir apoyando a su hija en todo su proceso educativo. Con el crédito que solicita en la Corporación, desea comprar una moto, que le permita ahorrar dinero y tiempo en los traslados de un lugar a otro para cumplir las citas a sus clientes y, de esta forma mejorar la calidad en la prestación de los servicios y atender mayor cantidad de clientes diariamente. Su mayor sueño es generar ingresos que le permitan crear un ahorro programado para conseguir su casa propia en un futuro cercano y poder brindar a su hija una mejor calidad de vida.
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.