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Marleny
Marleny is married and has 2 children who are 4 and 17 years old. She has always wanted to provide them with a good education, and since her husband's income is not enough to provide the family with a good quality of life, Marleny decided to start working about 3 years ago, selling fried food, in order to generate an income with which she can contribute to her home's finances. In the beginning, she sold the products in her house's sidewalk and thanks to the good reception they had, a friend of hers lent her a space in her snack bar, so that Marleny could continue selling her products. Thanks to the increasing number of customers, Marleny is looking for a loan to buy a fryer that will allow her to increase her production capacity and offer a better service to her customers. In this way she will get through, using her own assets and her business will continue to be a source of income, so that her family can have a good quality of life and better financial opportunities to progress.
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Marleny se encuentra casada y tiene 2 hijos de 4 y 17 años de edad a quienes siempre les ha querido brindar una buena educación, es por esto que debido a que los ingresos de su esposo no son suficientes para poder tener una buena calidad de vida en su hogar, Marleny decidió comenzar a trabajar desde hace aproximadamente 3 años con la venta de fritos para así poder tener unos ingresos con los cuales pueda contribuir económicamente en su hogar. En un principio vendía sus productos en la acera de su casa y gracias a la buena acogida que tuvieron una amiga suya le prestó un espacio en su cafetería para que Marleny siguiera comercializando sus productos. Gracias a que sus clientes cada vez vienen aumentando, Marleny busca un préstamo para comprar una fritadora con la cual aumente su capacidad de producción y pueda ofrecer un mejor servicio a sus clientes.

De esta manera saldrá adelante utilizando sus propios activos y su negocio seguirá siendo una gran fuente de ingresos para que en su hogar puedan tener una buena 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
  • 190
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Marleny to buy a fryer that will allow her to increase her production capacity to offer a better service to her customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013