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Marta Rosa
Marta is a very hardworking person. Thanks to this quality, she has been able to overcome a lot of adversity that has happened in her life. Some time ago, her husband died and she became a widow rasing her 3 children. She had to leave her job and take care of her children at home. Nonetheless, since she needed to have a source of income for the family, she decided to open a sewing workshop in her own home and continue to do the activity that she has always done. Thanks to her hard work, she has been able to overcome the problem of capital and get ahead wit hher business. Now she is able to offer work to two employees in her workshop and offer her 3 children a good quality of life. Seeking to continue growing, Marta needs a loan to buy a double chainstitcher and materials she requires to increase her production capacity.

Her dream is to have a sewing workshop with which she can offer her family a better quality of life and also continue to generate employment for the neediest people.
View original language description ↓
Marta es una persona muy trabajadora que gracias a esta cualidad ha logrado superar grandes adversidades que se le han presentado en la vida. Desde hace un tiempo su esposo murió y quedó viuda a cargo de sus 3 hijos, por lo que tuvo que dejar su trabajo y así poder cuidar sus hijos en el hogar. Sin embargo, como necesitaba poder tener una fuente de ingresos para la familia, decidió montar un taller de confección en su propia casa y continuar desarrollando la actividad en la que siempre se ha desempeñado. Gracias a su esfuerzo ha logrado superar la dificultad de capital y ha podido salir adelante con su negocio, teniendo ahora la oportunidad de generar 2 empleos en su taller de confección y en su hogar brindarles a sus 3 hijos una buena calidad de vida. Buscando seguir creciendo, Marta requiere un préstamo para comprar una máquina resortadora e insumos que requiere para aumentar su capacidad de producción.

Su sueño es tener un gran taller de confección con el que pueda ofrecerle a su familia una mejor calidad de vida y seguir también generando empleo para las personas más necesitadas.

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
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Marta Rosa to buy a double chainstitcher and materials to increase her production capacity.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014