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Martha Eugenia
Martha is a person who is renowned for making very good quality crafts. She learned the activity taking courses where she was taught how to make and sell crafts. Martha, 42, is married and the mother of two children. For her, her family is the most important thing which is why she’s always looking to provide the best quality of life for them.

Martha has some very good customer orders because her products are renowned for their good quality and thanks to this they contribute toward household income to cover expenses generated. Martha currently has a big order from a baby products store so she has to produce a large amount of crafts. To do so, she must buy the raw materials she needs to make them and this is why she’s calling upon a loan hoping that it will afford her the opportunity to buy raw materials like adhesives, wood and fabric, among others, to make her crafts.

Martha hopes that her business will continue increasing sales to provide her husband and two children with a better quality of life. In addition, she dreams with having a large store where she can display her crafts and generate employment for people who most need it.
View original language description ↓
Martha es una persona reconocida por realizar artesanías de muy buena calidad. Martha aprendió la actividad tomando cursos donde le enseñaron la producción y comercialización de las artesanías. Martha con 42 años de edad se encuentra casada y es madre de 2 hijos; para ella, su familia es lo más importante y por esto siempre busca brindarles una mejor calidad de vida. Martha tiene en su negocio muy buenos pedidos, pues sus productos son reconocidos por su buena calidad, y gracias a esto contribuye a los ingresos del hogar para sostener los gastos que se generan. Martha, actualmente tiene un gran pedido de un almacén de productos para bebés, por lo que debe producir una gran cantidad de artesanías. Para esto, debe comprar materia prima que requiere para la fabricación de estas artesanías, y es por esto que recurre a un préstamo en búsqueda de que este le brinde la posibilidad de comprar materias primas con pegantes, madera, telas, entre otros, para la elaboración de sus artesanías.

Martha espera que su negocio siga aumentando las ventas, y poder así brindarles una mejor calidad de vida a sus 2 hijos y su esposo. Además, sueña con tener un gran almacén en donde poder exhibir sus artesanías y generar empleo para las personas que más lo necesitan.

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
  • 282
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Martha Eugenia to buy crafts making supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013