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Marleny
Marleny is a single mother of a 16 year old son, who she has brought up solely with great effort and dedication.

Eight years ago she took the initiative to start her own business; an idea that grew out of the necessity to generate income in order to meet household expenses. So with some savings that she had, she started a grocery store, which offers many household products. Working daily from 7am to 10pm, she there by earned the income necessary to ensure the welfare of her child.

Her positive attitude, perseverance and love for her son motivate her every day in order to keep working hard. She is requesting a loan a means of support to better establish her business. With the money she will buy wholesale stock (grain, coffee, soda, sugar, biscuits, etc.) so that she can stock up on greater variety in order to offer her clients a various alternatives that suit their needs and tastes, achieving better sales and the earnings that come with them.

Marleny dreams of going on strengthening her business, as it has become her only source of income and she dreams of seeing it well organised with more assortment in order to improve profitability and make it permanent, thereby ensuring a better quality of life and wellbeing for her son.
View original language description ↓
Marleny es madre soltera de un hijo adolescente de 16 años de edad, a quien ha sacado adelante sola con gran esfuerzo y dedicación.
Dese hace 8 años, tomó la iniciativa de montar su propio negocio, idea que surgió de la necesidad de generar recursos para solventar los gastos del hogar; por eso, con unos ahorros que tenía, inició una tienda de abarrotes en la que ofrece muchos productos de la canasta familiar, trabaja todos los días de 7 am a 10 pm, así obtiene ingresos para velar por el bienestar de su hijo.
Su actitud positiva, su perseverancia y el amor por su hijo, la motivan día a día para seguir trabajando arduamente, por ello solicita el crédito como un apoyo para acreditar mejor su negocio, con el dinero comprará surtido al por mayor (granos, café, gaseosas, azúcar, galletería, entre otros), así podrá abastecerse con mayor variedad para ofrecer a sus clientes diversas alternativas que satisfagan sus gustos y necesidades, logrando mejorar las ventas y los ingresos que percibe con ellas.
Marleny sueña con seguir fortaleciendo aún más su negocio, pues éste se ha convertido en su única fuente de ingresos y sueña con verla bien organizada, con más surtido para mejorar la rentabilidad y darle permanencia en el tiempo y, así garantizar a su hijo una mejor calidad de vida y 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
  • 542
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,944.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Marleny to buy wholesale stock (grain, coffee, soda, sugar, biscuits, etc.).
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Jan 3, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014