Marta Inés at the age of 56 is an entrepreneur who has decided to start her own appliance repair shop and appliance spare parts sales business. This idea arose from the experience Marta Inés acquired previously when she worked for a firm for many years doing this same kind of work. Mart Inés works alone in her shop from Monday through Saturday from 8am until 8pm. Marta needs to buy work tools that will facilitate her providing service and quality. Marta Inés’ dream is to see her business grow so that she can provide her family with a good quality of life.
La señora Marta Inés a sus 56 años es una emprendedora quien decide montar su propio negocio de reparación de electrodomésticos y venta de repuestos, esta idea surgió de la experiencia previa que tenia la señora Marta Inés de una empresa en la cual trabajo por muchos años realizando esta misma actividad. La señora Marta Inés trabaja sola en su local en una jornada de trabajo de lunes a sábado de 8:00 a.m a 8:00 p.m. La señora Marta requiere de la compra de herramientas de trabajo que le faciliten la prestación de su servicio y la calidad en el mismo. El sueño de la señora Marta Inés es ver crecer su negocio y poder brindarle a su familia una buena 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.