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Carmen Cecilia
Carmen, 50 years old, is mother to three children and has been the head of her household from the time of her separation from her husband. Two years ago she opened her own business with the support of her oldest son. As an option to generate an income and employ her time in some activity, she opened a beauty supply store in which she works alone every day from 9:00 am to 7:00 pm. There, she offers a variety of beauty supplies like dyes, cosmetics, nail polishes, shampoo, and hair treatments, among others.

The client is an active and thriving woman. She is throwing herself into reaching her goals, which is the reason for which she decided to take the loan to support her continued progression. The money will be invested in the purchase of supplies wholesale (dyes, hair treatments, nail polishes, cosmetics) and costume jewelry accessories. Thus, she will be able to obtain the items at a lower cost and will be able to offer a larger variety of products, which will be seen reflected in the increase of the profit margin that she obtains from each sale, giving a higher income level as a result. In this way, she will have the option to improve her personal finances and will avoid depending on her children who have economically collaborated with her for many years.

Carmen wishes to continue working arduously to arrive at the completion of her dream of accrediting, strengthening, and growing her business to the point of opening more stores, which will generate more profitability and where she would be able to offer business opportunities to more head-of-household women. In this way, she will improve the quality of life as much for her family as for other people who have influence in this line of work.
View original language description ↓
Carmen a sus 50 años de edad, es madre de 3 hijos y cabeza de hogar, luego de la separación con su esposo. Hace dos años inició su propio negocio con apoyo de su hijo mayor, como una opción para generar ingresos y emplear su tiempo en alguna actividad, por lo que montó una tienda de belleza en la cual trabaja sola todos los días desde las 9:00 am y hasta las 7:00 pm; allí ofrece diversos productos de belleza como tinturas, cosméticos, esmaltes para uñas, shampoo, tratamientos capilares, entre otros. La cliente es una mujer activa y pujante, se proyecta hacia el cumplimiento de sus metas; razón por la cual se decide a tomar el crédito como apoyo para seguir progresando. El dinero será invertido en la compra de surtido al por mayor (tinturas, tratamientos capilares, esmaltes para uñas, cosméticos) y accesorios de bisutería para, así podrá obtener los artículos a menor costo y podrá ofrecer más variedad de productos, lo que se verá reflejado en el incremento del margen de ganancias que obtiene por cada venta, dando como resultado mayor nivel de ingresos. De esta manera tendrá la opción de mejorar sus finanzas personales y evitará depender de sus hijos quienes le han colaborado económicamente durante varios años. Carmen desea seguir trabajando arduamente para llegar a cumplir el sueño de acreditar, fortalecer y hacer crecer su negocio hasta el punto de montar más sucursales, que le generen mayor rentabilidad y donde pueda ofrecer oportunidades de empleo a más mujeres cabeza de familia; así mejorará la calidad de vida tanto de su familia, como de las otras personas que influyan en esta labor.

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.


About Colombia

  • $11,100
    Average annual income
  • 387
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,891.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Carmen Cecilia to buy supplies wholesale (dyes, hair treatments, nail polishes, cosmetics) and costume jewelry accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 26, 2013
Sep 24, 2013
Currency Exchange Loss:
Jan 17, 2015