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Martha Oliva
Martha is married and has two children to whom she has always wanted to provide a good quality of life. It’s for this reason that she and her husband long ago left their native town and relocated to the city in search of better financial opportunities that will allow them to get ahead. It was this way that Martha began her fast food business where she offers he customers a great variety of foods. Thanks to the good service, she has managed to gain many customers. Since she’s had her business, her family’s quality of life has been improving, now that her children are able to get a good education and the financial challenges are being solved little by little. Martha is asking for this loan with the intent of growing her business. She wants to buy a grill and ingredients for her fast food. In this way she can respond to her customer demand.

In this way her business will have the opportunity to provide better service and she expects her sales to increase considerably, increasing her income and allowing her to offer her children and her husband a better quality of life and better financial opportunities for getting ahead.
View original language description ↓
Martha se encuentra casada y tiene 2 hijos a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que desde hace muchos años ya abandonó junto con su esposo su municipio natal y se ubicaron en la ciudad en búsqueda de mejores oportunidades económicas que les permitiera progresar. Fue así como Martha montó un negocio de venta de comidas rápidas donde ofrece a sus clientes una gran variedad de comidas, y gracias a la buena atención que ofrece ha logrado captar una gran cantidad de clientes para su negocio. Desde que tiene su negocio, la calidad de vida de su familia ha mejorado considerablemente, ya que sus hijos pueden acceder a una educación de mejor calidad y las dificultades económicas poco a poco se han venido superando. Con el ánimo de seguir creciendo en su negocio, Martha busca un préstamo para comprar insumos para la preparación de las comidas rápidas y la compra de una parrilla, y así poder responder a la demanda de sus clientes.

De esta manera su negocio tendrá la oportunidad de ofrecer un mejor servicio a sus clientes, de modo que espera que sus ventas aumenten considerablemente aumentando sus ingresos para el hogar y así poder ofrecer a sus 2 hijos y su esposo una mejor calidad de vida y mejores oportunidades económicas para progresar.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,478,725
    Funds lent in using Kiva
  • 1,829.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Martha Oliva to buy a grill and ingredients.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013