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Luzmila
Luzmila is a very hard-working person who has always been noted for wanting to provide her children with a better quality of life and better opportunities for making progress. Luzmila is married and the mother of four children. She also had a daughter who died when she already had a son of her own which made Luzmila a grandmother. She now also supports her grandson.

Luzmila and her husband sell food such as 'arepas de choclo' (Colombian corn cakes with cheese), empanadas, pies, gelatin desserts, etc. Thanks to this, she makes the income she needs to support her household. Luzmila sells her products every day. She provides home delivery in her neighborhood or in nearby neighborhoods. On weekends, she and her husband also set up outside a prison and sell food to people lining up to go in. Luzmila currently makes very good sales and, thanks to this, she has been able to guarantee the university education of two of her children. With the goal of continuing to carry out her business, Luzmila is looking for a loan which will enable her to buy supplies and materials that she needs for making her food such as containers, pans, small baskets and cooking utensils that she needs to replace.

Luzmila hopes to continue working in her business and hopes that it continues to grow until she is able to set up in premises where she can serve customers who visit her. Luzmila also dreams of all her children enjoying a good education and being able to guarantee them a good quality of life.
View original language description ↓
Luzmila es una persona muy trabajadora que siempre se ha caracterizado por querer brindarles a sus hijos una mejor calidad de vida y mejores oportunidades de progreso. Luzmila se encuentra casada y es madre de 4 hijos, además, tuvo una hija que murió cuando ya tenía un hijo, lo que hizo que Luzmila se convirtiera en abuela y ahora también le garantiza a su nieto su sustento. Luzmila vende junto con su esposo comidas como arepas de chócolo, empanadas, pasteles, gelatina, entre otros, y gracias a esto genera los ingresos necesarios para el sostenimiento de su hogar. Luzmila vende sus productos todos los días a domicilio en su barrio o en barrios cercanos a su vivienda, además, los fines de semana se ubican a las afueras de una cárcel y les vende la comida a las personas que hacen la fila para el ingreso. Luzmila en la actualidad tiene muy buenas ventas y gracias a esto ha podido garantizar el estudio universitario de 2 de sus hijos. Con el ánimo de seguir ejerciendo su actividad, Luzmila busca que un préstamo le brinde la posibilidad de acceder a la compra de insumos y materiales para sus comidas como son recipientes, ollas, canastillas, e implementos de cocina que requiere renovar.

Luzmila espera seguir ejerciendo su actividad y que su negocio de comidas siga creciendo hasta el punto de lograr ubicarse en un local donde pueda atender a los clientes que la visitan. Además, Luzmila sueña con que todos sus hijos puedan acceder a una buena educación y poderles garantizar una buena 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

  • $11,100
    Average annual income
  • 464
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luzmila to buy supplies and materials for making her food such as containers, pans, small baskets and cooking utensils that she needs to replace.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013