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Hilda Idalí
Hilda Idalí is a 35-year-old separated woman with two children who are 10 and 14 years of age. She was born in the south of Bolívar and came to the town of Yarumal 15 years ago in search of better opportunities. She started her beauty salon there, an activity she’s been doing for several years now having trained in a beauty academy; she also sells merchandise and beauty products. She’s a very enterprising, hardworking woman who strives daily to earn income needed to support her children and her home overcoming all the challenges that competition and the rainy season create that lead to a drop in sales.

She’s currently asking for her 6th loan from the Corporation that she will use to buy supplies, merchandise and work tools (brushes, hair color, clippers, scissors, clothes, accessories) to continue providing excellent service and offering variety to her customers to continue being well-known in her sector and to generate higher income. Her main dream is to have a locale of her own so she can offer employment opportunities and better quality of life for her family.
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Hilda Idalí es una mujer de 35 años de edad, es separada y tiene dos hijos de 10 y 14 años. Ella nació en el sur de Bolívar y llegó al municipio de Yarumal hace 15 años en busca de mejores oportunidades, allí inició con su sala de belleza, actividad a la que se dedica hace varios años, luego de haberse capacitado en una academia de belleza, además complementa con la venta de mercancía y productos de belleza. Es una mujer emprendedora y trabajadora, se esfuerza diariamente para obtener los ingresos necesarios para el sostenimiento de sus hijos y de su hogar, superando todos los desafíos a los que se enfrenta con la competencia y las temporadas de lluvias que bajan las ventas. Actualmente solicita su sexto crédito con la Corporación, el cual desea invertir en la compra de insumos, mercancía y herramientas de trabajo (cepillos, tintes, barberas, tijeras, ropa, accesorios) para continuar prestando un excelente servicio y ofrecer variedad a sus clientes y poder seguir siendo reconocida en el sector, para generar mayores ingresos. Su principal sueño es tener un local propio que le posibilite la oportunidad de brindar más empleos y mejorar la calidad de vida de su familia.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,650,775
    Funds lent in using Kiva
  • 1,900.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Hilda Idalí to buy equipment and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014