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Beatriz Elena
Beatriz studied hairstyling for three years and worked in a beauty salon for a long time but a few months ago decided to become independent and open her own beauty salon in order to have better economic conditions at home and thus help her parents to have a better quality of lie.
She’s been getting ahead with her beauty salon and has won over a large number of customers. Thanks to this her quality of life has improved considerably. Thanks to her constant growth, Beatriz wants to offer better customer service and that’s why she’s looking for financing to buy work tools for her beauty salon to provide better quality service. Her dream is to have a large beauty salon where she can generate employment for many people and to be able to support her family through it.
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Beatriz estudió durante 3 años el oficio de la peluquería y trabajó en un salón de belleza durante un largo tiempo, pero hace unos meses decidió independizarse y montar su propio salón de belleza para poder tener mejores condiciones económicas en su hogar y así apoyar a sus padres para que tengan una mejor calidad de vida. Es así como ha salido adelante con su salón de belleza donde ha logrado captar una gran cantidad de clientes y gracias a esto su calidad de vida ha mejorado considerablemente. Gracias a que cada vez viene creciendo más, Beatriz busca ofrecer a sus clientes un mejor servicio; es por esto que busca un préstamo para comprar herramientas de trabajo para su peluquería y poder prestar un servicio de mejor calidad.

Su sueño es poder tener un gran salón de belleza donde pueda generar empleo para muchas personas y desde el cual logre sacar adelante a 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.

About Colombia

  • $11,100
    Average annual income
  • 307
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Beatriz Elena to buy work tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Sep 3, 2012
Currency Exchange Loss:
Mar 15, 2013