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Margarita María
Margarita is 46 years old and lives with her husband and their two children. From a young age, she discovered that she had a passion for art, painting and crafts. For this reason, she took a course and started selling different decorative items for the home, such as figurines made of plaster and bedspreads to family members, neighbors and friends. Through this, she has managed to generate income to support her husband with the household expenses. She is a very creative and organized person who is dedicated to her family and her work. This has led her to request the support of a loan to buy supplies and tools (paintbrushes, fabric, thread, paints, plaster and ceramic figurines,etc). If she has these supplies, she will be able to create her handicrafts and satisfy the demand that increases during the holiday season, which means that she will increase her income and be able to carry on contributing towards the household expenses and be able to invest in her business. Margarita dreams of taking her business a step further by transferring her workshop to commercial premises where she would also be able to sell her products. This would improve sales and allow her to reach more customers, and as a consequence would mean that she could improve the quality of hers and her family's life so that they can live more comfortably.
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Margarita, a sus 46 años de edad, vive con su esposo y sus dos hijos. Desde que era muy joven descubrió su gusto por el arte, la pintura y las manualidades, razón por la cual realizó un curso de capacitación particular y comenzó a elaborar diferentes artículos decorativos para el hogar, como figuras en yeso, tendidos de cama, entre otros y comenzó a vender los artículos que elabora a sus familiares, amigos y vecinos del sector, de esta manera genera recursos para apoyar a su esposo con la carga económica del hogar. La cliente es una persona muy creativa, organizada y dedicada a su familia y a su labor, esto la impulsa a buscar el apoyo del crédito con el que desea comprar materiales e implementos de trabajo (pinceles, telas, hilos, pinturas, figuras en yeso y cerámica, entre otros), esto le permitirá tener los materiales disponibles para elaborar sus artesanías y así satisfacer la demanda que aumenta en la temporada de navidad, lo que para ella significa la posibilidad de percibir mejores recursos para seguir aportando a la economía del hogar e invertir en su negocio. Margarita sueña con darle continuidad a su labor y en un futuro cercano desea tener su taller en un local comercial, que le permita adecuar allí mismo el punto de venta de sus artículos, para mejorar las ventas y darse a conocer en un espacio mucho más amplio y concurrido, de esta manera estará en la capacidad de mejorar las condiciones de vida de ella y su familia y disfrutar un mejor bienestar.

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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,859,000
    Funds lent in using Kiva
  • 1,928.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Margarita María to buy materials and tools (paintbrushes, fabric, thread, paints, plaster and ceramic figurines).
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2014