Martha, 38, stands out for being a very innovative, creative woman who is very charismatic and who very much wants to get ahead striving for a better future for her minor children. Because of her husband’s low income earning, Martha decided to work and help cover expenses and her children’s schooling costs.
She started out selling ice-cream at home and today has a small shop thanks to the high demand her products have. She currently wants to buy a refrigerator and to make some site improvements to the shop aiming at increasing sales and attracting a larger number of customers. Her great dream is to provide her children with the opportunity of having access to a university career in the future.
Martha de 38 años de edad, se ha caracterizado por se una mujer innovadora y creativa, llena de carisma y con muchas ganas de salir adelante, luchando por un mejor futuro para sus dos hijos menores de edad. Debido a los bajos ingresos de su esposo, Martha decidió trabajar y colaborar con las obligaciones y la educación de sus hijos.
Comenzó vendiendo helados desde su casa, y hoy ya cuenta con un pequeño local debido a la alta demanda de sus productos
En la actualidad desea comprar un refrigerador y realizar algunas mejoras locativas a su negocio con el fin de aumentar sus ventas, y atraer un mayor número de clientes.
Su gran sueño es brindarles a sus dos hijos la oportunidad de acceder en un futuro próximo a la educación universitaria.
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.