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Diana Yasmin
Diana learned the beauty salon business about five years ago and since then was employed in a beauty salon earning a salary that she could contribute economically at home so that her husband and two children who are 1 and 8 years old could have a good quality of life. But, because she needed to care for her 1-year-old son she had to resign from her job and concentrate on household chores. However, since she could no longer contribute economically to her home, its economic situation was impacted negatively which produced great problems at home.

Because of this Diana wants to set up a home-based beauty salon but since she lacks capital to do so is looking for a loan to buy a vanity, a hair washing sink and beauty salon tools and equipment to set up her own beauty salon. In this way she’ll be able to care for her youngest son while still being able to generate income so that they can continue to have a good quality of life at home.
View original language description ↓
Diana aprendió desde hace unos 5 años la actividad de la peluquería y desde entonces estaba trabajando en un salón de belleza y con el salario que le pagaban podía contribuir económicamente en su hogar para que su esposo y sus 2 hijos de 1 y 8 años de edad pudieran tener una buena calidad de vida. Pero debido a que necesitaba estar al lado de su hijo de 1 año de nacido tuvo que renunciar a su trabajo y dedicarse a las labores del hogar; sin embargo, como ya no puede contribuir económicamente en su hogar la situación económica se afectado negativamente y esto ha producido grandes dificultades en el hogar. Es por esto que ahora Diana esta buscando montar un salón de belleza en su hogar y como no cuenta con capital busca un préstamo para comprar un tocador, un lavacabezas e implementos de peluquería para montar su propio salón de belleza.

Así podrá estar al cuidado de su hijo menor y también podrá generar ingresos para que en su hogar sigan teniendo una buena calidad de vida.

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
  • 359
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,125 helped Diana Yasmin to buy supplies and equipment for her beauty salon.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2012
Aug 1, 2012
Currency Exchange Loss:
Aug 31, 2012