Martha is a brave, hard-working, and valiant woman. She lives in Apartadó, Córdoba, and she makes a living from providing washing machine services in the area where she lives.
She began this business with the desire to obtain resources to support and raise her 7-year-old daughter, for which she has had to improve herself and work tirelessly. That is how she decided to invest some savings and a settlement in the purchase of 3 washing machines to provide service.
Currently, she is requesting economic support for the purchase of 4 additional washing machines. Thus, she will be able to serve a larger quantity of customers and she will considerably increase her income.
Her greatest dream is to be able to provide a quality education to her daughter and see her become a successful professional.
Martha es una mujer aguerrida, trabajadora y valiente.
Vive en Apartadó, Córdoba y se dedica a la prestación del servicio de lavadoras en el sector donde vive.
Inicio este negocio con el afán de obtener recursos para sostener y sacar adelante a su hija de 7 años por la cual ha tenido que superarse y trabajar incansablemente.
Fue así como decidió invertir algunos ahorros y una liquidación en la compra de 3 lavadoras para prestar el servicio.
Hoy en día solicita un apoyo económico para la compra de 4 lavadoras adicionales, de esta manera poder atender una mayor cantidad de clientes y amentara considerablemente sus ingresos.
Su mayor sueño es poder brindarle una educación de calidad a su hija y verla convertida en toda una profesional exitosa.
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.