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Marta Hirlesa
Marta is a very hardworking person and with great effort has raised her 6 year old son. She is a single mother and head of the household, as the father of her child abandoned her some time ago without contributing financially to their support.

A year and a half ago she started a business selling items such as toiletries and personal care items, which she began with the settlement she was left with in the work she held for eight years. This business has helped her improve her quality of life considerably and for one and a half years her son has been able to access a better quality education.

Now that her sales are growing, Marta needs a loan in order to buy personal use products and supply her business with products that have been depleted, offering a better variety and thus overcoming the difficulty of capital.

Her dream is to make this business a great source of income for the household in order to permit her to enjoy a better quality of life and better financial opportunities in order to make progress.
View original language description ↓
Marta es una persona muy trabajadora que con gran esfuerzo ha sacado adelante a su hijo de 6 años de edad, pues es madre soltera cabeza de hogar ya que el padre de su hijo la abandonó hace un tiempo y sin hacer alguna contribución económica para su sostenimiento. Desde hace año y medio montó un negocio donde vende productos de uso personal, como productos de aseo y cuidado personal, el cual lo inició con la liquidación que le dieron en el trabajo que tuvo durante 8 años. Con este negocio ha podido mejorar considerablemente su calidad de vida y desde hace año y medio su hijo ha podido acceder a una educación de mejor calidad. Ahora que sus ventas están creciendo, Marta necesita un préstamo para comprar productos de uso personal y surtir su negocio con productos que se han ido agotando, además de ofrecer mayor variedad, y así superar su dificultad de capital.

Su sueño es hacer de este negocio una gran fuente de ingresos para su hogar para que le permita gozar de una mejor calidad de vida y mayores 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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Marta Hirlesa to buy personal use products and supply her business with items that have been depleted, thus offering a better variety, thereby helping to overcome the difficulty of capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013