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Margarita Maria
Margarita’s a very hardworking, responsible person who has managed to overcome great adversities life has presented her. Her father worked in a bar/billiard hall that she helped him run in her free time because she was an employee of a dressmaking firm. When her father died she remained in charge of the bar/billiard hall and from that moment on has been working hard to move it forward and continue to have it as her source of income to contribute economically to her home.

Her bar/billiard hall has a steady clientele thanks to the sale there of some alcoholic beverages so her customers come by constantly. Because the pool table has been deteriorating with the passage of time, Margarita is looking for a loan so that she can repair it and be able to continue to offer good customer service.

In this way she will be able to continue to have good sales and continue to generate income needed to support her home. In addition, she hopes that her business will continue to grow to offer her family a good quality of life and greater economic opportunities.
View original language description ↓
Margarita es una persona muy trabajadora y responsable que ha logrado superar grandes adversidades que le ha presentado la vida. Su padre trabajaba en un bar - billar el cual ella ayudaba a administrar en sus tiempos libres, pues trabajaba como operaria en una empresa de confecciones; cuando su padre murió ella quedó a cargo de su bar - billar y desde ese momento viene trabajando fuertemente en este para poderlo sacar adelante y seguir teniendo este como su fuente de ingresos para contribuir económicamente en su hogar. Su bar - billar ya tenía una gran clientela fija gracias a que allí se venden algunas bebidas alcohólicas, por lo que sus clientes lo visitan constantemente. Debido a que su billar se ha venido deteriorando con el paso del tiempo, Margarita busca que un préstamo le brinde la oportunidad de acceder a la reparación del billar de su negocio y poder seguir ofreciendo un buen servicio a sus clientes en el bar.

De esta manera podrá seguir teniendo las buenas ventas y así seguirá generando los ingresos necesarios para el sostenimiento de su hogar. Además, espera que su negocio siga creciendo para ofrecer en su familia una buena calidad de vida y mayores oportunidades económicas.

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

  • $11,100
    Average annual income
  • 364
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD
A loan of $850 helped Margarita Maria to repair the pool table.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 26, 2012
May 2, 2012
Currency Exchange Loss:
Jun 1, 2012