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Luz Edith
Luz Edith is a hardworking person who has always wanted to help her husband generate household income. The main reason is because they have two children that they want to provide the best possible education for and a stable future. Because Luz Edith comes from a family with few resources she’s worked hard most of her life to gradually reach her dreams. Luz Edith does not want her children to have to go through the same circumstances and that’s why she wants to give them the best possible education so that they will be able to work at something that will generate better income than what she and her husband are able to earn.

Luz Edith, at the age of 39, works in nearby families’ houses and as an independent activity wants to buy a sow that can produce piglets for her to then sell and generate income in the future. Since Luz Edith does not earn much money and her husband doesn’t either, she’s seeking a loan that will allow her to buy the pig and feed for the first few days. Luz Edith states that with this opportunity to buy a pig and generate extra income in the future her life as well as her children’s and her husband’s will improve enormously.
View original language description ↓
Luz Edith es una persona trabajadora que siempre ha querido apoyar a su esposo en la generación de ingresos para su hogar. La principal razón es porque tienen 2 hijos a los cuales les quieren brindar la mejor educación posible y un futuro económico estable. Debido a que Luz Edith no proviene de una familia con grandes ingresos, ha trabajado fuertemente gran parte de su vida para ir cumpliendo poco a poco sus sueños. Luz Edith no quiere que sus hijos tengan que pasar por las mismas circunstancias y por ello les quiere brindar la mejor educación posible para que puedan trabajar en una actividad que les genere mejores ingresos que los que pueden generar ella y su esposo.
Luz Edith a sus 39 años labora en casas de familia cercanas, y como actividad independiente quiere comprar un cerdo que le pueda dar crías, y luego vender las crías para que así le genere ingresos en un futuro. Como Luz Edith no tiene grandes ingresos, y su esposo tampoco tiene gran capacidad económica, Luz Edith está en busca de un préstamo que le permita comprar el cerdo y el cuido de los primeros días. Luz Edith manifiesta que con esta oportunidad de comprar el cerdo y generar ingresos extras en un futuro, su vida y la de sus hijos y esposo mejorará enormemente.

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
  • 389
    View loans »
    Colombia Loans Fundraising
  • $14,624,375
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Luz Edith to buy a breeding pig and sell the litters in the future.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 19, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013