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Maria Libia
Marta started doing sewing and weaving to generate income to support her home. When she saw the need in the market she opened a general store where she offers all types of products for the basic family basket. In her store, Marta is known for offering very good products and offering very good service. This has allowed her to have a lot of customers and guarantee good sales. Marta has the difficulty of having to take care of her father. He is very ill and elderly. This prevents her from keeping her business open all the time she would like to for her customers. Despite this, her business' good reputation has made her customers bring good sales and her business grow little by little over time. Due to the fact that her business doesn't have a refrigerator for refrigerated products, Marta is seeking a loan to have the opportunity to purchase a refrigerator and be able to offer refrigerated products.

Marta hopes that this will make her business grow even more and help her improve her and her family's quality of life. Marta dreams of having a big business that will guarantee good income and thus avoid the financial difficulties she has encountered and be able to keep progressing in life.
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Marta inició realizando trabajos de confección y tejidos con los cuales generaba ingresos para el sostenimiento de su hogar, sin embargo, al ver las necesidades del mercado abrió una tienda general donde ofrece toda clase de productos de la canasta familiar. Marta en su tienda ha tenido el reconocimiento de ofrecer muy buenos productos y brindar una muy buena atención, lo que le ha permitido tener una gran cantidad de clientes y garantizar muy buenas ventas. Marta tiene la dificultad de que debe cuidar de su padre, quien se encuentra muy enfermo y de avanzada edad, y esto hace que su negocio no lo pueda tener abierto durante el tiempo que ella quisiera esté abierto para los clientes. A pesar de esto, la buena reputación de su negocio ha hecho que sus clientes le generen buenas ventas y su negocio crezca poco a poco con el paso del tiempo. Debido a que en su tienda no cuenta con un refrigerador en el cual pueda ofrecer productos que requieran de refrigeración, Marta busca que un préstamo le brinde la oportunidad de acceder a la compra de un refrigerador y poder así ofrecer productos que requieran de refrigeración.

Marta espera que de esta manera su negocio crezca cada vez más y pueda mejorar su calidad de vida y la de su familia. Marta sueña con tener un gran negocio que le garantice grandes ingresos y de esta manera pueda evitar las dificultades económicas que se le han presentado y poder seguir progresando en la vida.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,725 helped Maria Libia to buy a refrigerator so she can offer products that require refrigeration.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
Covered
Expired:
May 8, 2012