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Margarita Maria
Margarita has had to go through many adversities in her life. Notwithstanding, she’s always had great strength to continue forward with her children making progress. She learned how to sell products while still very young because he father taught her how when she was still little and now that she has household obligations this activity is her source of income.

Margarita is a single mother head of household with three children because the father of her children abandoned them some time ago making no economic contribution towards their support which has caused her home to constantly face economic difficulties which force her to have to strive mightily every day in her work to overcome them little by little. Thanks to the good sales she’s had these last few months, Margarita is looking for a loan that will make it possible for her to buy more clothes to meet customer demand.

Her greatest dream is to move the business forward so that she can provide her three children with a good education and more dignified life. She also hopes that her business will make it possible for her to finish building her house and have a home in better condition.
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Margarita ha tenido que atravesar por muchas adversidades en su vida, sin embargo siempre ha tenido una gran fortaleza para salir adelante y continuar progresando junto a sus hijos. Desde muy joven aprendió la actividad de vender productos gracias a que su padre se la enseñó desde muy pequeña, y ahora que tiene las obligaciones de su hogar, hace de esta actividad su fuente de ingresos. Margarita es madre soltera cabeza de familia de sus 3 hijos debido a que el padre de sus hijos los abandonó desde hace un tiempo y sin hacer alguna contribución económica para su sostenimiento, lo que ha hecho que las dificultades económicas en su hogar aparezcan constantemente y tenga que esforzarse todos los días en su trabajo para poder superarlas poco a poco. Gracias a que ha tenido muy buenas ventas en los últimos meses, Margarita busca un préstamo que le permita comprar ropa para responder a los pedidos de sus clientes.

Su mayor sueño es sacar este negocio adelante y que le permita brindarles a sus 3 hijos una buena educación y una calidad de vida digna. Además, tiene el anhelo de que su negocio le permita terminar de construir su casa y tener una vivienda en mejores condiciones.

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.

About Colombia

  • $11,100
    Average annual income
  • 238
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Margarita Maria to buy clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 18, 2012
Sep 3, 2012
Currency Exchange Loss:
Mar 19, 2014