From a very young age, Duberney learned the business of cutting and styling hair. Thanks to the fact that he already has extensive experience in the area, his beauty salon is very well known and this has allowed him to overcome the difficulties that have arisen in his life. Since he comes from a family with limited economic resources, Duberney started the business with only the basic equipment that he required, but thanks to his daily hard work, he has managed to keep going and provide his clients with good service. Looking to improve his income, Duberney is seeking a loan to purchase a display case and beauty products to stock it so that he can respond to client demand.
His dream is to one day be able to have a very well-known beauty salon that employs more people, since now he has the opportunity to create one job.
Duberney aprendió desde muy joven la actividad del corte y cepillado del cabello y gracias a que ya tiene una amplia experiencia en la actividad, su salón de belleza es muy reconocido y esto le ha permitido superar las dificultades que se le han presentado en la vida. Debido a que proviene de una familia con escasos recursos económicos, Duberney ha montado su negocio con los implementos básicos que requería, pero gracias a su esfuerzo diario ha logrado sacarlo adelante y brindar un buen servicio a sus clientes. Buscando mejorar sus ingresos, Duberney busca un préstamo para comprar una vitrina y productos de belleza para surtirla y así responder a la demanda de sus clientes.
Su sueño es llegar algún día a poder tener un salón de belleza muy reconocido y generar empleo para más personas, ya que ahora tiene la oportunidad de generar 1 empleo.
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.