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Luz Aydee
At the age of 36 Aydee is a mother who is devoted to her family. Day after day she wakes up with the goal of moving her business forward in order to provide her family with financial stability, especially because her husband does not have stable employment. This is what Aydee has done for several months in order to generate a basic income for the needs of the home.

Aydee prepares and sells foods, specifically sweets, such as: sweet and sour candy, caramel popcorn, caramels, and other products. They are in high demand in the schools of the municipality of Bello. Her work consists of preparing these products and selling them to the stores in the different schools. She is not always able to sell the quantity of products required by her clients. For this reason Aydee now sees the need to purchase more ingredients in order to increase production capacity. When purchasing the ingredients she needs in wholesale, it will not only help her increase quantity but also her profits. But Aydee does not have the necessary capital to purchase the ingredients, which is hwy she requests a loan. It will help her to make these purchases and consequently to improve the quality of her life.
View original language description ↓
A sus 36 años de edad Aydee es una madre consagrada a su familia, día a día se levanta con la ilusión de sacar su negocio adelante para brindarle a su familia estabilidad económica ya que actualmente su esposo no cuenta con un empleo estable, lo que ha hecho que desde hace varios meses Aydee genere los ingresos básicos para las necesidades del hogar.

Aydee produce y comercializa alimentos, específicamente dulces como: colombinas ácidas, crispetas acarameladas, lecheritas, y otros productos que son de gran demanda en los colegios del municipio de Bello, su labor es preparar estos productos y venderlos en las tiendas de los diferentes colegios. Sin embargo no siempre puede tener la cantidad suficiente de productos que requieren sus clientes, es por tal motivo que hoy Aydee ve la necesidad de comprar mas insumos con los cuales aumentar la capacidad de producción, pues comprando los ingredientes necesarios para la preparación de los dulces al por mayor, no sólo podrá aumentar la cantidad si no también sus ingresos, pero actualmente Aydee no cuenta con el capital necesario para la compra de los insumos, por lo que solicita un crédito que permita hacer dichas compras y proporcionalmente mejorar su calidad de vida.

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

  • $6,070
    Average annual income
  • 529
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Luz Aydee to purchase ingredients to prepare foods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2011
Listed
Oct 18, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011