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Lucelly
Lucelly has managed a store for six years as her source of income. She has lived alone for 22 years and this is the only way to support herself. Lucelly always wants to keep her store stocked with many products so that she can provide her customers a wide variety.


Her greatest dream is to build a house, so the only way to achieve this is to increase sales in her business.

View original language description ↓
Desde hace 6 años Lucelly tiene una tienda que ha sido la fuente de su sustento, ella vive sola desde hace 22 años y su única forma de mantenerse es su negocio, ella siempre ha querido tener una tienda llena de muchos productos para poder brindarle a sus cliente mayor variedad.

Su gran sueño es poder construir su casa y esto solo lo podrá lograr al incrementar las ventas en su negocio.

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
  • 499
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,896.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Lucelly purchase merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2011
Listed
Feb 28, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012