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María Ximena
Maria is a young 20 year old entrepreneur with a desire to get ahead and become a successful small businesswoman.

At age 20 she works as an employee for a mattress factory and sales outlet, where she learned new skills and got work experience. However she wants to start her own business in the beauty arena and expand her knowledge from the beauty training course she completed. Initially she wants to provide in home services and is asking for a loan to buy work tools and supplies (a dryer, curling iron, tints, hair treatment, nail polish, and other things). This will allow her to begin her plans on the weekends, while she sets herself up financially and breaks away on her own.

Maria, thinking about the future, will set herself up professionally and have her own beauty salon where she can gain her own customers and create employment opportunities.
View original language description ↓
María es una joven emprendedora de 20 años de edad, con ganas de salir adelante y convertirse en una microempresaria exitosa.
A sus 20 años de edad, trabaja como emplead en una empresa de fabricación y venta de colchones, con lo que ha obtenido nuevos conocimientos y experiencia laboral; sin embargo ella desea incursionar en su propio negocio en el campo de la belleza y aplicar los conocimientos obtenidos en un curso de capacitación en belleza que realizó, inicialmente desea prestar sus servicios a domicilio, por ello se motiva para solicitar el apoyo del crédito con el que comprará herramientas de trabajo e insumos (secador, plancha para el cabello, tinturas, tratamientos capilares, esmaltes para uñas, entre otros), esto le permitirá dar inicio a su proyecto productivo que por el momento realizará durante los fines de semana, mientras estabiliza su economía y logra independizarse completamente.
María se proyecta hacia un futuro cercano siendo toda una estilista profesional, teniendo su propia sala de belleza en la que pueda consentir a sus clientes y generando oportunidades de empleo.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 221
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,964.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped María Ximena to buy supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 23, 2013
Jan 21, 2014
Currency Exchange Loss:
Oct 17, 2014