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Oralia Margarita
Oralia, 43, has operated her own salon business for 15 years. She works seven days a week, cutting and combing hair and providing manicures and pedicures. She operates her shop in a space on one side of her house. Her sister helps her on weekends because she now has more customers than she can take care of by herself. Oralia also sells beauty products. She buys the products from a catalog and sells them to her customers. Her income, along with her husband's, supports the family's needs and ensures that they can provide for their 10-year old son. The borrower is a hard-working and enterprising woman, characteristics that have allowed her to meet her goals up to now. She is now applying for a loan that she will use to buy the equipment she needs--hair dryer, brushes, scissors and other equipment--to carry on her business. She will also buy wholesale supplies of beauty products--perfume, cosmetics and others--that she will resell. The investment will improve Oralia's business and allow her to deliver a better service to her customers. The wider range of products will provide her with a larger profit margin and, in turn, increase the income she has to support her family. Oralia wants to expand her salon and provide new services, something that will ultimately lead to a better quality of life for her and her family.
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Oralia, a sus 43 años de edad, se ha dedicado a trabajar en su propio negocio desde hace aproximadamente 15 años, una peluquería en la cual trabaja todos los días prestando servicios de corte, cepillado, químicos, manicure y pedicure, el local se encuentra ubicado al lado de su vivienda y los fines de semana cuenta con el apoyo de su hermana debido a la gran cantidad de clientes que solicitan el servicio en esos días. Adicionalmente alterna su trabajo de estilista con la venta de mercancía y productos por catálogo, con el fin de complementar los ingresos para ayudar a su esposo con la carga económica del hogar y velar por el bienestar de su hijo de 10 años de edad. La prestataria es una mujer activa, emprendedora y perseverante, lo que le ha permitido lograr los objetivos que se propone, esto la motiva a solicitar el crédito con el que comprará herramientas de trabajo (plancha, secador de cabello, cepillos, tijeras, entre otros) y mercancía al por mayor (perfumería, cosméticos, accesorios, entre otros), así podrá mejorar las condiciones de trabajo y prestará un mejor servicio a su clientela, además tendrá más variedad de artículos para la venta con lo que obtendrá mejor margen de ganancia, haciendo que sus ingresos familiares aumenten. De esta forma, Oralia desea continuar con su labor y trabajar con empeño y dedicación, para que en un futuro pueda cumplir el sueño de ampliar su sala de belleza e implementar nuevos servicios, dando como resultado una mejor calidad de vida para ella y su familia.

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.

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About Colombia

  • $6,070
    Average annual income
  • 191
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Oralia Margarita to buy equipment and supplies for her salon business.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014