Martha is a single mother who is head of her family with a 14 year old son, who always has wanted to provide him a good education and a good quality of life. This is why she has always been determined to work in order to earn money in order for her and her son to get ahead and in this way she could give him the best conditions in life that she was able to.
Martha has employment that has provided for them for a long time on the wages that they pay her, and besides this she has begun her own business of selling clothing where she offers clothing for ladies and with which she earns extra income in order to be able to support all the household expenses.
In her business of selling clothing, she has been known for the good customer service she offers her clients and this has permitted her to have a large clientele that guarantees good sales, and because of this her business has grown little by little.
Martha is asking for a loan in order to buy clothing so she can offer a better variety to her customers and thus increase her sales.
Martha hopes that in this way her business will continually capitalize itself and her earnings increase in order to offer her household a better quality of life. Also, Martha hopes that with more income her son can enjoy a better quality of life and have better economic opportunities.
Martha es una madre soltera cabeza de familia de un hijo de 14 años, a quien siempre le ha querido brindar una buena educación y una buena calidad de vida. Es por esto que siempre se ha esforzado en su trabajo para poder generar ingresos que le permitan progresar a ella y a su hijo y de esta manera pueda brindarle mejores condiciones de vida que a las que ella podía acceder. Martha tiene un empleo que ha conservado durante mucho tiempo gracias al salario que le pagan, y además de esto ha montado una venta de ropa donde ofrece prendas de vestir para dama y con lo cual genera ingresos extras para poder sostener todos los gastos que incurre en su hogar. En su negocio de venta de ropa se ha caracterizado por la buena atención que ofrece a sus clientes, y esto le ha permitido tener una gran clientela que le garantiza muy buenas ventas. Debido a que poco a poco ha ido creciendo su negocio, Martha busca un préstamo que le permita acceder a la compra de prendas de vestir para ofrecer una mayor variedad a sus clientes y así aumentar sus ventas.
Martha espera que de esta manera su negocio se capitalice cada vez más y sus ingresos aumenten para ofrecer en su hogar una mejor calidad de vida. Además, Martha espera que con mayores ingresos su hijo pueda gozar de una mejor calidad de vida y mayores oportunidades económicas.
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.