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Marta Lucía
Marta is 37 years old and has been sewing for others for eight years. She and her husband work to provide her two children an education and improve their living conditions. Marta dreams of providing her children with financial stability, so she wants to also begin selling other merchandise as well. She is asking for a loan that will allow her to improve her family’s quality of life.
View original language description ↓
Marta tiene 37 años, de los cuales lleva 8 años dedicada al servicio de la confección a terceros. En conjunto con su esposo, luchan para darles a sus 2 hijos educación y mejores condiciones de vida.
Marta sueña con brindarle a sus hijos una estabilidad económica, por lo cual desea alternar su oficio con la venta de mercancía, razón por lo cual se encuentra solicitando un crédito que invertirá en la compra de accesorios y calzado, lo que le permitirá mejorar la calidad de vida de su núcleo familiar.

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
  • 372
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Marta Lucía to buy merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 19, 2013
May 10, 2013
Currency Exchange Loss:
Dec 19, 2013