Gloria Amparo is a 44-year old woman. She is married and the mother of one son. She was raised in the country, but fourteen years ago was presented with an opportunity to move into the city with her family. She currently works as a stylist and has had her own beauty salon, located on the first floor of her house, for about ten years. She learned this profession at her husband's insistence that she get her training. At first, she offered her services in her client's homes, but thanks to the loans she has received from the Corporación she was able to establish her business and contribute financially to her household. With the loan she is requesting, Gloria Amparo wants to purchase wholesale supplies (dyes, brushes, hair treatments and other items). She also wants to make some improvements to her shop that will improve her customers' perception. Gloria Amparo's greatest wish is to continue with her business, to grow it little by little while keeping it stable and long-lasting. In this way, she will continue working for a better quality of life for her family.
Gloria Amparo es una mujer de 44 años de edad, es casada y madre de un hijo. Fue criada en el campo, pero hace 14 años se le presentó la oportunidad de instalarse en la ciudad con su familia. Actualmente se desempeña como estilista y tiene su propia sala de belleza hace aproximadamente 10 años ubicada en el primer piso de su casa. Este oficio lo aprendió gracias a la insistencia de su esposo para que se capacitara, inicialmente prestaba el servicio a domicilio, pero gracias a los créditos que ha tenido con la Corporación logró estabilizar su negocio y hasta ahora ha logrado aportar los ingresos para el sostenimiento de su hogar. Con el crédito que solicita desea comprar insumos al por mayor (tintes, cepillos, tratamientos capilares, entre otros) y también desea realizar mejoras locativas que mejoren la percepción de los clientes que la visitan. Su mayor deseo es continuar con su negocio, hacerlo crecer poco a poco pero que sea estable y perdurable en el tiempo y, de esta forma continuar luchando por una mejor calidad de vida para su familia.
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.