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Martha Isabel
Martha, with the desire to offer the best to her children and give them a good life, started her own business three years ago where she sells clothing and various merchandise. She has been able to have many great experiences with this business.

Her sister was the person who motivated her to start this business and it is her sister who gets the assortment of clothing in Medellin and sends it to Sonson.

Her principal clients are her friends, neighbors, and family.

She is asking for a loan in order provide more capital for her business to purchase different brands clothing to increase her selection of goods to attract more clients. She is very entrepreneurial and a hard worker, with many dreams and willingness to achieve them.
View original language description ↓
Martha, con el afán de ofrecerles lo mejor a sus hijos y de darles un ejemplo de vida, decidió iniciar con un negocio de venta de ropa y mercancía variada desde hace tres años.
Ha podido recoger muy buenas experiencias a pesar de ser empírica en este oficio.
Su hermana fue quien la motivo a iniciar este negocio y es ella quien le consigue el surtido en Medellín y se lo envía hasta Sonsón.
Sus principales clientes son amigos, vecinos y familiares.
Ella pide un apoyo económico para capitalizar su negocio y comprar surtido de tennis en diferentes marcas, así podrá ampliar su gama de productos y atraerá más clientes.
Es una mujer muy emprendedora y trabajadora, con muchos sueños y disposición para cumplirlos.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 163
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,867.4
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,350 helped Martha Isabel to buy clothes and jackets to sell.
23% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jul 16, 2014
Currency Exchange Loss:
Possible