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Martha Ceciclia
Martha, age 44, is a mother and head of her family of four children. Due to her situation as a single mother, it has fallen to her to put forth great effort and struggle to get her family ahead.

She worked in a restaurant and bakery for six years. She learned about this trade, and two years ago she made the decision to become independent and sell fast food.

Thanks to this work, Martha has given her children a decent home and education.

She is now requesting a loan to buy ingredients to prepare the food.

Her biggest goal is to improve the financial condition of her household and to ensure that her children have better living conditions.
View original language description ↓
Martha tiene 44 años de edad y es madre cabeza de familia de cuatro hijos.
Por su condición de madre soltera le ha tocado esforzarse y luchar por sacar su familia adelante. Desde hace seis años se dedica a laborar en restaurantes y panaderías por lo cual aprendió sobre el oficio y desde hace dos años tomó la determinación de independizarse y dedicarse a la venta de comidas rápidas.
Gracias a esta labor Martha les ha brindado a sus hijos una vivienda digna y educación. Hoy se encuentra solicitando un crédito que invertirá en la compra de insumos para la preparación de alimentos.
Su mayor anhelo es mejorar la condición económica en su hogar y garantizarles a sus hijos mejores condiciones de vida.

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
  • 386
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,825.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Martha Ceciclia to buy ingredients to make food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 10, 2013
May 4, 2013
Currency Exchange Loss:
Oct 20, 2013