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Yineth Paola
Yineth is an enterprising young woman of 24, who began going to school when she was very young. This allowed her to open her own beauty salon a year ago. At first she started the business with a friend, but she decided that the income was not enough, so she went out on her own. She started working alone in the salon a few days ago. The greatest difficulty she has is that she is a single mother of a three year old son and this brings financial hardship. Yineth is asking for a loan to buy supplies such as shampoo, rubs, faux hair, and other things, so that she can offer better services to her customers.

Her dream is to have a great, well-known salon which will allow her to move her son ahead, giving him a better quality of life and financial stability.
View original language description ↓
Yineth es una joven emprendedora de 24 años de edad que comenzó a estudiar desde muy joven, lo que le ha permitido desde hace un año montar su propio salón de belleza. En un principio el negocio lo inició con una amiga suya, pero debido a que los ingresos no le estaban siendo suficientes, decidió independizarse y hace unos pocos días comenzó a trabajar sola en el salón de belleza. La gran dificultad que tiene es que es madre soltera cabeza de hogar de su hijo de 3 años y esto trae grandes dificultades económicas. Buscando superar sus dificultades de capital, Yineth busca un préstamo para comprar artículos de peluquería como shampoo, masajes, cabello sintético, entre otros y poder tener unos mejores servicios para sus clientes.

Su sueño es llegar a tener un gran salón de belleza muy reconocido y que este le permita sacar adelante a su hijo, brindándole una buena calidad de vida y una estabilidad económica en su hogar.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $17,904,550
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yineth Paola to buy beauty supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Oct 6, 2012
Currency Exchange Loss:
Sep 22, 2013