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Luz Ofelia
Luz Ofelia has been an entrepreneur all of her life. She always has innovative ideas to actualize. She is married and has two children. Luz Ofelia makes pet products like collars, houses, clothes, and others. Thanks to this she helps generate, along with her husband, the income needed to support the household expenses.

Luz Ofelia has seen how her sales have increased considerably since she opened her business. Her products have been recognized for their good quality. Luz Ofelia currently has a good level of sales, and she wants it to continue increasing. That is why she is now bringing out a new product, a backpack for transporting pets when leaving home. There are already large customer orders for this product.

Luz Ofelia does not have enough capital to buy the raw material she needs to make these products. She hopes that a loan will give her the opportunity to buy raw materials like fabric, thread, zippers, and others. Then she will be able to make the product and deliver the orders to her customers.

Luz Ofelia dreams of her business growing and becoming more well-known. She also dreams of being able to open a spot to sell to the public. Luz Ofelia dreams that her children and her husband will be able to have a better quality of life. In the future she wants to be able to give her children the opportunity of a university education.
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Luz Ofelia se ha caracterizado por ser una emprendedora de toda la vida que siempre tiene ideas innovadoras para crear. Casada y madre de 2 hijos, Luz Ofelia se dedica a la actividad de la confección de productos para mascotas, como son collares, casas, vestidos, entre otros, y gracias a esto ayuda a generar junto con su esposo los ingresos necesarios para el sostenimiento de los gastos de su hogar. Luz Ofelia ha visto como sus ventas han incrementado considerablemente, pues desde que abrió su negocio, sus productos han sido reconocidos por la buena calidad de los mismos.

Luz Ofelia actualmente tiene un buen nivel de ventas y quiere seguirlo aumentando. Es por esto que ahora está sacando un nuevo producto que es una mochila en donde transportar a las mascotas en caso de salir de la casa, y este producto ya tiene grandes pedidos por parte de sus clientes. Como Luz Ofelia no cuenta con un capital suficiente para comprar la materia prima que necesita para la fabricación de estos productos, tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de materias primas como telas, hilos, cremalleras, entre otros, y poder fabricar el producto y entregar los pedidos a sus clientes.

Luz Ofelia sueña con que su negocio crezca y cada vez sea más reconocido, además, de poder abrir un punto de venta al público. Luz Ofelia sueña con que sus hijos y su esposo puedan tener una mejor calidad de vida, y en un futuro, quiere poderles brindar a sus hijos la posibilidad de acceder a una educación universitaria.

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
  • 161
    View loans »
    Colombia Loans Fundraising
  • $12,812,550
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Luz Ofelia to buy raw materials like fabric, thread, zippers, and others.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013