Adriana is very hardworking and this has enabled her to succeed in her beauty salon, which she opened 12 years ago after having studied hair cutting and styling techniques. With this business, she has been able to contribute economically to her household so that her family can have a better quality of life. With a great deal of effort, she has been overcoming her difficulties in acquiring capital, little by little. At first, her business was poorly equipped because she did not have enough money to furnish it well. Now, after many years of working, Adriana is seeking a loan in order to purchase a hairdressing chair, a cabinet and beauty produces, so she can offer better service to her clients
Adriana’s dream is to move her business ahead so that it will generate more income. Thus she will be able to provide her family a better quality of life and greater economic opportunities to get ahead.
Adriana es muy trabajadora y esto le ha permitido sacar su propio salón de belleza adelante, el cual montó hace 12 años después de haber estudiado una técnica en corte y cepillado del cabello. Con este negocio ha podido aportar económicamente en su hogar para que su familia pueda tener una mejor calidad de vida, y con mucho esfuerzo ha venido superando poco a poco las dificultades de capital que tiene. En un principio el negocio estaba muy mal dotado, pues Adriana no contaba con el dinero suficiente para poder dotarlo bien, y ahora después de tantos años esforzándose, Adriana busca un préstamo para comprar una silla de peluquería, y una vitrina y productos de belleza para ofrecer una mejor atención a sus clientes.
Su sueño es sacar este negocio adelante y que le permita generar mayores ingresos para ofrecerle a su familia una mejor calidad de vida y mejores oportunidades económicas para salir adelante.
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.