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Luz Andrea
Luz, 29, is single with no children. She wants to start her own business because finding employment has been difficult and her family is going through a precarious economic situation.

She wants to set up a beauty salon in a locale her grandmother owns so she can put into practice the knowledge and experience she gained when she took beauty courses in a school. She’s an enterprising, active, driven, persevering person.

She requests the loan as support to implement her business idea because even though she already has the space, she still needs to buy barber chairs, mirrors and work tools (scissors, brushes, hair dryer and hair straightening iron) in order to start generating income needed for family support.

Luz dreams with strengthening and accrediting her business so that it will become well-known in future both in the sector and city-wide but she’s aware that in order to do so she must work hard with effort, dedication and much discipline. Only thus will she get the expected results and be able to generate higher income to give her family higher standard of living and well-being.
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Luz es una mujer de 29 años de edad, soltera y sin hijos, que desea iniciar su propio negocio, debido a que le ha sido difícil encontrar oportunidades laborales y su familia está atravesando por una situación económica precaria. Ella desea montar una sala de belleza en un local que es propiedad de su abuela, así podrá poner en práctica los conocimientos y experiencia que obtuvo cuando realizó cursos de belleza en una escuela. La cliente es emprendedora, activa, pujante y perseverante. Solicita el crédito como apoyo para iniciar su idea de negocio, pues aunque ya tiene el local, le hace falta comprar las sillas de peluquería, espejos y herramientas de trabajo (tijeras, cepillos, secador, plancha para el cabello), así podrá comenzar a generar ingresos que son necesarios para aportar al sostenimiento de su familia. Luz sueña con fortalecer y acreditar su negocio para que en un futuro sea reconocido tanto en el sector como en la ciudad, pero es consciente que para lograrlo debe trabajar arduamente, con empeño, dedicación y mucha disciplina; sólo así tendrá los resultados que espera y podrá generar mejores ingresos para dar a su familia mejor nivel de vida y bienestar.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 485
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,897.6
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,600 helped Luz Andrea to buy tools and equipment.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 23, 2013