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María Marlenny
Maria is her family's sole breadwinner. She started the business--a small grocery--after her husband died and operates it from a space in the house where she lives with her two children. She works alone every day from early in the morning until late at night. She sells everyday products--dairy, snacks, chocolate, coffee, toiletries and so on--and earns enough to cover family expenses. Despite the obstacles she's faced, she's kept a positive attitude and soldiers on every day, driven by the need to support herself and, above all, her children. Maria is applying for a loan that she will use to buy wholesale supplies of the products--pastries, sweets, dairy, meats, eggs, grains, pastas, etc.--that she needs to stock her business. The investment will allow her to meet the needs of her customers and, in turn, ensure they keep coming back. For the future, Maria wants to grow and strengthen her business, making it ever more profitable so that she can provide her children with a better quality of life.
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María es cabeza de hogar, pues lleva toda la carga económica desde que su esposo falleció, razón por la cual decidió iniciar su propio negocio, una pequeña tienda de abarrotes ubicada en la sala de la casa donde reside con sus dos hijos. Allí trabaja sola todos los días desde muy temprano en la mañana, ofrece diversos productos como lácteos, galletería, chocolate, café, productos de aseo, entre otros y, de esta manera genera los recursos suficientes para solventar los gastos del hogar. A pesar de las adversidades, ella siempre mantiene una actitud positiva y se esfuerza cada día, motivada por la necesidad de salir adelante y por sus hijos, que son su motor para seguir avanzando. Actualmente solicita el crédito ya que lo desea invertir en la compra de surtido al por mayor (mecato, dulces, lácteos, cárnicos, huevos, granos, pastas, entre otros), así tendrá más variedad en su inventario y podrá satisfacer las necesidades de sus compradores, logrando una fidelización y mejorando los ingresos que recibe para su familia. María tiene como meta seguir trabajando arduamente para fortalecer más su negocio y ampliarlo, así mejorará la rentabilidad y podrá dar mejor calidad de vida a sus hijos.

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.

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About Colombia

  • $6,070
    Average annual income
  • 189
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,917.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $800 helped María Marlenny to stock her general store.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015