Martha has spent a large part of her life preparing food. This business has allowed her to provide for her children who are now adults and have their own families. Martha works in her food business together with her husband and a daughter. They distribute their meals in the streets of their town. Martha has had to face a lot of difficulties in her life but her desire to make progress has enabled her to overcome them. One of the difficulties she experienced was having to leave her home town for reasons of violence. She had to start from scratch with her business and for a while, owing to low sales, she suffered a lot of trauma. Martha currently has a strong business as she has regular customers who are loyal to her products. However, her business has gradually grown and she doesn't have the cooking utensils she needs to satisfy her demand. For this reason, she is looking to take out a loan which will allow her to buy cooking utensils with which to prepare her food. She needs to make this purchase in order to fill all of her customers' orders.
Martha hopes that, in this way, her business will continue growing and that she will return to experiencing the kind of sales levels she had in her home town. She also dreams of once again having a large restaurant which will create work for many people who find themselves in the same situation as her.
Martha se ha dedicado gran parte de su vida a la preparación de comidas, actividad que le ha permitido sacar adelante a sus hijos quienes actualmente ya son adultos y cada uno tiene su familia. Martha trabaja en el negocio de preparación de comidas con su esposo y una hija, y distribuyen sus comidas en las calles de su municipio. Martha ha tenido que pasar por muchas adversidades, sin embargo sus ganas de salir adelante le han permitido superarlas; una de ellas es que tuvo que salir desplazada de su municipio natal por cuestiones de violencia, lo que hizo que tuviera que comenzar desde cero con su negocio y durante un tiempo, debido a las bajas ventas, tuvieron que sufrir muchas calamidades. Martha actualmente tiene su negocio consolidado entre sus clientes, pues cuenta con una clientela fija que es fiel a sus productos, sin embargo, su negocio poco a poco ha ido creciendo y no tiene los utensilios de cocina necesarios para poder satisfacer toda la demanda que tiene. Es por esto que Martha busca que un préstamo le permita acceder a la compra de utensilios de cocina con los que pueda preparar la comida que requiere para atender a todos los pedidos de sus clientes.
Martha espera que de esta manera su negocio siga creciendo y vuelva a tener niveles de ventas como los que tuvo en su municipio natal. Además, sueña con llegar a tener un gran restaurante en el que pueda generar empleo para muchas personas que se encuentren en la misma situación que ella.
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.