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Martha Nelly
Martha is 57 years old. Her largest motivation in life is to give her son a bright future. Even though she could not study, she learned how to read and write, which has helped her become a great saleswoman. She sells clothes for children every day, 9 am to 7 pm, in the streets of the city’s downtown.

Her biggest dream is to expand her business. For this reason, she is requesting a loan that will help her to buy new merchandise and increase her income in order to support her home.
View original language description ↓
Mrtha de 57 años de edad, lo que más le importa en la vida es sacar adelante a su hijo, pese a no haber tenido acceso a la educación aprendió a leer y a escribir y esto le ha ayudado para convertirse en una gran negociante. Labora todos los días de 9 a 7 de la noche como vendedora ambulante en el centro de la ciudad, allí comercia ropa infantil. Su mayor deseo es poder expandir su negocio por lo cual se encuentra en búsqueda de un crédito que le permita comprar nueva mercancía y generar mayores ingresos para el sustento de su hogar.

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
  • 375
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Martha Nelly to buy clothes for children.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Dec 1, 2012
Currency Exchange Loss:
Apr 17, 2014