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Luz Maria
Luz Maria is known for being a hard fighting and energetic person in order to bring up her children and overcome the adversities that life has brought her since the death of her husband.

Luz Maria is now a single mother and head of the family. She wants her children to have all the basic needs satisfied, but at times her income is very low and she is not able to do it. Luz Maria hopes her business grows and becomes established in her location in order for her sales to increase and to generate more income than she has at the present time.

Luz Maria has a big dream and it is that her two children can have access to higher education and can study for a career that will provide the possibility to gain well paid employment. For this, Luz Maria knows that she has to increase her current income, so she wants to sell more products in her business.

Luz Maria has been working for approximately one year in the internet cafe and she is already known in the area for having good service and now Luz Maria wants to offer stationery products in her internet cafe because her customers are always asking for them.

Luz Maria currently does not have enough working funds in order to buy the stationery products, which is why is is hoping for a loan in order to be able to buy the stationery products such as notebooks, pencils, erasers, and other items and she can then satisfy the needs of her clients and earn more money.

Luz Maria hopes that her income will increase considerably and she can improve the quality of life for her two children and in the future they can access a good education.
View original language description ↓
Luz Maria se ha caracterizado por ser una persona luchadora y pujante para sacar sus 2 hijos adelante y superar las adversidades que le ha traído la vida desde la muerte de su esposo.
Luz Maria ahora madre soltera cabeza de familia, quiere que sus hijos tengan todas las necesidades básicas satisfechas, sin embargo a menudo sus ingresos son muy bajos y no le permite acceder a esto. Luz Maria quiere que su negocio crezca y se consolide en su sector, para que así sus ventas aumenten y le genere mayores ingresos que los actuales.
Luz Maria tiene un gran sueño y es el que sus 2 hijos puedan acceder a una carrera de educación superior y puedan estudiar una carrera que les brinde la posibilidad de acceder a un empleo bien remunerado. Para esto, Luz Maria sabe que tiene que aumentar sus ingresos actuales, por lo que pretende vender más productos en su negocio.
Luz Maria tiene desde hace aproximadamente 1 año un café Internet que ya se ha reconocido en el sector por tener una muy buena atención, y ahora Luz Maria quiere que en su café Internet pueda ofrecer productos de papelería, pues sus clientes constantemente preguntan por ellos.
Luz Maria actualmente no cuenta con el capital suficiente para la compra de productos de papelería, por lo que espera que un crédito le permita acceder a la compra de productos de papelería como cuadernos, lapiceros, borradores, entre otros y pueda así satisfacer las necesidades de sus clientes y genere mayores ingresos.
Luz Maria espera que sus ingresos aumenten considerablemente y pueda mejorarles la calidad de vida a sus 2 hijos, y en futuro puedan acceder a una buena educación.

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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Luz Maria to buy stationery products to offer her customers the products they require.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013