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Martha Cecilia
Martha is a single mother and head of a family of two sons, 10 and 18 year of age. To generate the income that her home needs she has had for a while a general store. The store allows her to give her two sons a good quality of life and economic opportunities to get ahead.

Despite the great adversities which she has had to overcome in life, Martha has been able to get ahead together with her sons and has been able to give them a good education and a good quality of life. For these reasons she values her store so much and always tries to grow it and generate good sales to improve her income.

Thanks to the fact that her customers continue to grow Martha is requesting a loan to buy family-basket and office products to start offering a wider variety of products.

In this way she will offer her customers these products and slowly diversify her sales. Moreover, she will continue to position her business and to grow it, which will allow her to continue to generate an income so her family has everything it needs.
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Martha es una madre soltera cabeza de familia de sus 2 hijos de 10 y 18 años de edad, y para generar los ingresos que requiere en su hogar tiene una tienda general desde hace un tiempo con la que puede brindarle a sus 2 hijos una buena calidad de vida y oportunidades económicas para progresar. A pesar de las grandes adversidades que ha tenido que superar en la vida, Martha siempre ha seguido adelante junto con sus hijos y así ha logrado darles una buena educación y una buena calidad de vida en el hogar, por esto valora tanto su tienda y siempre busca que esta siga creciendo y siga generando buenas ventas para mejorar los ingresos. Gracias a que sus clientes siguen aumentando, Martha busca un préstamo para comprar productos de la canasta familiar y productos de papelería para comenzar a ofrecer una mayor variedad de productos en su negocio.

De esta manera podrá ofrecerles a sus clientes estos productos y así ir poco a poco diversificando sus ventas. Además, podrá seguir posicionando su negocio para que este siga creciendo y le permita seguir generando ingresos para que en su hogar sigan teniendo todo lo necesario.

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
  • 373
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,823.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,100 helped Martha Cecilia to buy family-basket and office products to start offering a wider variety of products.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 9, 2012
Jul 1, 2012
Currency Exchange Loss:
Jul 31, 2012