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Luz Marina
Luz Marina has characterized herself as a very hardworking person who always looks out for the well-being of her family. Luz Marina is married and the mother of 1 son, who is the motivation for working hard every day. Luz Marina started her food service business approximately 7 years ago, and thanks to this she has been able to contribute, along with her husband, to the household income. Luz Marina is recognized in her area thanks to the good service she offers, and the good flavoring of her food.

Since the location where she currently has her food service business finds itself in a period where doing some maintenance is required, Luz Marina has aspirations that a loan will provide her with the opportunity to be able to paint the location where she sells her food, and supply her business with the provisions that she requires for the preparation of her dishes.

Luz Marina hopes that her business will be seen as more attractive by her customers, and in this way generate greater sales. Luz Marina dreams that her husband and her child can have a better quality of life, and more opportunities to progress financially. Luz Marina also dreams that her business will grow and become a large restaurant which will be able to generate a lot of employment for people in need.
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Luz Marina se ha caracterizado por ser una persona muy trabajadora y siempre buscar un bienestar para su familia. Luz Marina se encuentra casada y es madre de 1 hijo, quienes es la motivación para trabajar fuertemente todos los días. Luz Marina inició su negocio de venta de comidas desde hace aproximadamente 7 años, y gracias a este ha podido contribuir a su esposo con los ingresos del hogar. Luz Marina es reconocida en el sector gracias al buen servicio que ofrece y la buena sazón de sus comidas. Debido a que en el local donde actualmente tiene su negocio de comidas se encuentra en un periodo donde requiere hacerle un poco de mantenimiento, Luz Marina aspira que un préstamo le brinde la oportunidad de acceder a pintar el local donde ofrece sus comidas y a surtir su negocio con insumos que requiere para la preparación de sus comidas.

Luz Marina espera que su negocio se vea más atractivo para los clientes y de esta manera pueda generar mayores ventas. Luz Marina sueña con que su esposo y su hijo puedan tener una mejor calidad de vida y tengan mayores oportunidades de progresar económicamente. Luz Marina también sueña con que su negocio crezca y se convierta en un gran restaurante el cual pueda generar mucho empleo para las personas más necesitadas.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luz Marina to paint her food service location and supply her business with provisions that she requires for making the dishes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 5, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013