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Luz Fatima
Luz Fatima has been characterized as a person who has always sought a better life for her family. Luz lives with her husband of about 13 years, and started her business in a shop selling confectionery goods and beer.

Luz Fatima went through many hardships in her life, and she doesn't want her family to have go through the same hardships.

The business has had very good sales, so Luz Fatima has been able to share the household duties with her husband.

Because she does not have much capital, her business does not have much variety. Her customers have asked for products that she does not have in her store, which is why losing customers little by little. In an effort to change this Luz Fatima wants to buy more varied goods for her business, which requires the purchase of merchandise. However, she does not have enough money to make these purchases so she hopes that a loan will give her the opportunity to access the purchase of confectionery goods and beer to fill her general store, and thus be able to meet all the needs of her customers.

Luz Fatima hopes that with the purchase of these products, her customers will increase considerably, because they will find more products which meet their needs. Luz Fatima dreams that she and her husband can have a better quality of life and economic stability.
View original language description ↓
Luz Fatima se ha caracterizado por ser una persona que siempre ha buscado una mejor calidad de vida para su familia. Luz Fatima vive con su esposo desde hace aproximadamente 13 años, y con el inicio el negocio de una tienda donde vende productos de confitería y cervezas.
Luz Fatima tuvo que atravesar muchas adversidades en su vida, lo cual ha hecho que quiera que su familia no tenga que pasar por las mismas.

El negocio que tiene ha tenido muy buenas ventas, por lo que Luz Fatima ha podido colaborar a su esposo en las obligaciones del hogar.
Debido a que no tiene mucho capital, su negocio no tiene mucho surtido, y sus clientes le han pedido productos que ella no tiene en su tienda, es por esto que ha visto como pierde clientes poco a poco. Con el ánimo de cambiar esta situación Luz Fatima quiere surtir su negocio, para lo que requiere comprar mercancía, sin embargo, no cuenta con el dinero suficiente para realizar estas compras por lo que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de productos de confitería y cervezas para surtir su tienda general, y de esta manera poder atender todas las necesidades de sus clientes.

Luz Fatima espera que con la compra de estos productos, sus clientes aumenten considerablemente, debido a que ya encontrarán más productos con los cuales satisfacer sus necesidades. Luz Fatima sueña con que ella y su esposo puedan tener una mejor calidad de vida y una estabilidad económica.

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
  • 456
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Luz Fatima buy confectionery goods and beer to fill her general store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013