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Martha Cecilia
Martha has been characterized as being very hardworking and never giving up. Because of this her family has moved her ahead despite all the adversities that life has presented. Martha, 49, is a single mother, head of household with two children because her children’s father abandoned her some time ago. Notwithstanding this, Martha has continued to strive and work hard to generate sufficient income to provide a good quality of life for her children.

Martha started a store about a year ago with her sister where they sell beauty supplies like shampoo, hair coloring and hair treatments, among others and thanks to this she generates income to support her home.

The business has been doing well thanks to the good service Martha offers. Her customers have increased considerably and this is why at present they are asking for more products than she’s able to offer and sometimes she loses sales because she does not have enough merchandise to meet demand.

Because of this Martha would like to buy a wider selection of products but she currently does not have sufficient capital to do so which is why her hopes are placed on a loan that will make it possible for her to buy beauty supplies like shampoo, hair treatments and hair coloring, among others so that her business will be better stocked with merchandise and she can tend to more customers who want it.

Martha dreams that her business continues growing and generating good income so that she can provide her children with a university education and economic stability in the future that will keep them from going through so many adversities like she’s had to.
View original language description ↓
Martha se ha caracterizado por ser muy trabajadora y nunca rendirse, y es por esto que su familia la ha sacado adelante a pesar de todas las adversidades que se le han presentado en la vida.
Con 49 años de edad, Martha es una madre soltera cabeza de familia de 2 hijos debido a que el padre de sus hijos la abandonó hace un tiempo. Sin importar esto, Martha ha seguido luchando y trabajando fuertemente con el ánimo de generar los ingresos suficientes para brindarles una buena calidad de vida a sus hijos.
Martha inició con su hermana hace aproximadamente 1 año un almacén donde venden productos de belleza como shampoo, tinturas para el cabello, tratamientos para el cabello, entre otros, y gracias a esto genera los ingresos para el sostenimiento de su hogar.
El negocio ha ido marchando muy bien, y gracias al buen servicio que ofrece Martha, sus clientes han aumentado considerablemente. Es por esto que hoy día sus clientes le piden más productos que los que ella puede ofrecer, y a veces, debe no vender pues no tiene la mercancía suficiente con qué responderles.
Es por esto que Martha busca comprar un mayor surtido de sus productos, sin embargo, actualmente no cuenta con el capital suficiente para ello, por lo que tiene la esperanza puesta en que un préstamo le brinde la posibilidad de acceder a la compra de productos de belleza como shampoo, tratamientos para el cabello, tinturas para el cabello, entre otros, y poder así tener su negocio con mayor mercancía y atender así a más clientes que lo requieren.

Martha sueña con que su negocio siga creciendo, y con que le genere buenos ingresos que le permitan brindarles a sus hijos una educación universitaria y en un futuro una estabilidad económica que les evite pasar por tantas adversidades como pasó ella.

Additional Information

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

  • $6,070
    Average annual income
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,650,775
    Funds lent in using Kiva
  • 1,812.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Martha Cecilia to buy beauty supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 2, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013