Marta is 50 years old. For the last year, she has been the owner of a small shop that she managed to set up with sacrifice and perseverance. Since she can't undertake physically demanding activities due to health limitations, she decided to earn her living in the retail business.
In hopes of improving her economic conditions and her sales, she is requesting a loan to buy everyday staples.
She dreams of improving her income, expanding her business and improving her quality of life.
Marta de 50 años de edad, es dueña desde hace un año de una pequeña tienda, la cual logró montar con sacrificio y constancia. Debido a sus limitaciones de salud, al no poder realizar actividades de alto esfuerzo, decidió dedicarse a las ventas en su negocio.
Con la esperanza de mejorar su condición económica y su nivel de ventas, se encuentra solicitando un crédito para la compra de productos de la canasta familiar.
Sueña con mejorar sus ingresos, ampliando su negocio y mejorando su calidad de vida.
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.