For 15 years, Martha worked as an employee in a business that sold clothes. However, in 2005 the owner gave her the opportunity to buy part of the business as a result of her good job performance and her responsibility. Now Martha has her own business with which she makes the income she needs to support her three daughters. Since her ex-husband does not fulfil his financial responsibilities towards his daughters, as head of her household Martha must cover all their expenses.
This entrepreneur's business is located in the town of Sonsón, in the north of Antioquia department. She sells underwear, pajamas and sports clothes. Martha must keep her business sufficiently well stocked in order to meet her customers' needs. However, she currently does not have the capital she needs to buy merchandise that she is lacking. She dreams of watching her daughters grow up in a household where finances are not an obstacle to their development. She hopes to improve their quality of life.
Durante 15 años Martha trabajo como empleada en un negocio donde se comercializa ropa en general, pero en el 2005 la dueña del negocio le dio la oportunidad de comprar parte del negocio gracias a su buen desempeño y su responsabilidad. Hoy en día Martha tiene su propio negocio con el que genera los ingresos necesarios para el sostenimiento de sus 3 hijas ya que su ex esposo no cumple con la responsabilidad económica de sus hijas y como madre cabeza de hogar debe asumir todos los gastos.
Esta emprendedora tiene su negocio en el municipio de Sonsón al norte del departamento de Antioquia donde vende ropa interior, pijamas y ropa deportiva, ella debe mantener suficiente surtido para satisfacer las necesidades de sus clientes, pero actualmente no cuenta con el capital necesario para comprar la mercancía que le hace falta. Sueña con ver crecer a sus hijas en un hogar donde la economía no sea un impedimento para su desarrollo y así mejorar su calidad de vida.
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.