For the past 25 years, Marta has sold clothes to friends, family, and acquaintances. This business came about because Marta enjoys business, fashion, and sales. Marta currently works alone. With her friendly personality and cheerfulness, has been able to bring in many clients.
To advance her business, see it grow, and meet the clients’ requests, Marta must buy clothing for men and women, allowing her to fulfill her dreams and family responsibilities. In the future, Marta hopes to have her own store and support her family.
La señora Marta se dedica desde hace 25 años a la venta de ropa a familiares, amigos y conocidos, este negocio surgió gracias al gusto de la señora Marta por el comercio, la moda y las ventas. Actualmente, la señora Marta trabaja sola y con su personalidad amable y alegre ha podido conseguir muchos clientes. Con el ánimo de seguir con su negocio, verlo crecer y cumplir con pedidos que tiene, la señora Marta requiere de la compra de ropa para dama y caballero que le permita cumplir con sus sueños y obligaciones familiares. A futuro, la señora Marta desea tener su propio almacén y apoyar a su familia.
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.