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Marta Luz
Marta is 44 years old, she is a mother of 3 children and lives with her partner. She started her own business 2 years ago, a home-based grocery store offering a variety of products and staple goods.

The idea of this business came from the need to generate income for her family, given that they were in a difficult financial situation. Thanks to the support from previous loans, she was able to open this grocery store, tackling their economic crisis while also becoming well known in her area.

Marta has achieved economic stability for her family through her perseverance, enthusiasm, and her efforts. This is why she finds the motivation to request her fourth loan, to buy an assortment of wholesale products (vegetables, snacks, dairy products, meat, biscuits, candy, etc). In addition, she will also make improvements to her establishment, to attract more costumers.

She will be able to offer a wider variety of products to meet her customers' needs, increasing her sales and in the long run her profits. Marta wants to continue to work hard, strengthening her business to go on supporting her family, offering good living conditions for her children and a good education, so that they become good citizens and get ahead in life.
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Marta, con 44 años de edad, es madre de 3 hijos y vive en unión libre con su pareja. Desde hace 2 años inició su propio negocio, una tienda de abarrotes en la que ofrece todo tipo de productos de la canasta familiar, se encuentra ubicada en un espacio de su casa que adecuó para poner su negocio; la idea surgió debido a la necesidad que tenía de generar ingresos para su familia, pues estaban pasando por una difícil situación económica y, con el apoyo de algunos créditos anteriores pudo sacar su proyecto productivo adelante, logrando salir de la crisis financiera y dándose a conocer en el sector donde reside. Su perseverancia, entusiasmo y el empeño con el que realiza su labor han logrado dar una estabilidad a su familia, por ello se motiva para solicitar su cuarto ciclo de crédito, con el que comprará surtido al por mayor (verduras, mecato, lácteos, cárnicos, galletería, confitería, entre otros) y realizará unas adecuaciones locativas, esto le permitirá mejorar la imagen de su establecimiento, logrando así atraer la atención de más compradores, además podrá ofrecer más variedad de artículos para satisfacer las necesidades y gustos de sus clientes, aumentando así sus ventas y los ingresos que recibe de ellas. De esta manera Marta desea seguir trabajando arduas jornadas y fortalecer aún más su negocio, para que siga siendo el sustento de su familia y permitir que sus hijos tengan un mejor bienestar y educación para que sean personas de bien y puedan salir adelante.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,600 helped Marta Luz to buy wholesale products (vegetables, snacks, dairy products, meat, biscuits, candy, etc) and to make improvements to her business.
91% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014