Marta is married and has a son who's seven years old. Due to the fact that her husband's earnings were not sufficient to be able to support all the household expenses, Marta decided to begin her own business in order to contribute financially and thus be able to have a better quality of life at home. Like this she began selling personal items by catalog and since then, her household's quality of life has improved considerably. Currently, despite her having large orders from her customers, she still has financial difficulties in being able to stock her business and respond to these orders. Because of this Marta is looking for a loan in order to buy personal items and respond to her customers' orders.
In this way she will overcome the difficultly she has with capital and her business will manage to move forward, allowing her to have better sales each time in addition to better earnings for her household, and consequently, a better quality of life for her husband and son.
Marta se encuentra casada y tiene 1 hijo de 7 años de edad, y debido a que los ingresos que generaba su esposo no eran suficientes para poder sostener todos los gastos de su hogar, Marta decidió comenzar con su propio negocio para contribuir económicamente y así poder tener una mejor calidad de vida en el hogar. Fue así como comenzó su venta de productos de uso personal a través de catálogo y desde entonces la calidad de vida de su hogar ha mejorado considerablemente. Actualmente, a pesar de que tienes grandes pedidos por parte de sus clientes, aún tiene dificultades económicas para poder surtir su negocio y responder a estos pedidos, es por esto que Marta busca un préstamo para comprar productos de uso personal y responder a los grandes pedidos que tiene por parte de sus clientes.
De esta manera superará la dificultad de capital que tiene y su negocio logrará salir adelante permitiéndole tener cada vez mejores venta, además de mejores ingresos para su hogar y por ende mejor calidad de vida para su esposo y su hijo.
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.