Luz Dary is married and the mother of two children aged 13 and 17, whom she has always wanted to provide with everything they need. Luz Dary has worked in agriculture for a large part of her life, and works alongside her husband selling cattle and growing some vegetable crops.
As her older son has completed his basic education and wants to be able to attend university, Luz Dary wants to take maximum advantage of her household's land to be able to generate extra income for her household. Luz Dary has an adequate pen that previously held chickens for sale, and she wants to return to this business to generate extra income with which she can provide her son with a university education.
Luz Dary hopes that a loan will provide her with the opportunity to purchase chickens to raise and later sell, and in this way she can generate increased income which will allow her to provide her son with access to a university education.
Luz Dary hopes that her son will be able to attend university, and also that she will be able to improve her family's quality of life.
Luz Dary es una persona casada y es madre de 2 hijos de 13 y 17 años de edad, a quienes siempre les ha querido ofrecer todo lo necesario. Luz Dary se ha dedicado a la producción agropecuaria gran parte de su vida, y junto con su esposo trabaja en la venta de ganado y tiene algunos cultivos de legumbres. Debido a que su hijo mayor ya ha culminado sus estudios básicos y quiere poder acceder a una educación universitaria, Luz Dary quiere aprovechar al máximo el terreno que tiene su hogar para poder generar ingresos extras para su hogar. Luz Dary que tiene adecuado un corral donde anteriormente tuvo pollos para la venta, quiere volver a retomar este negocio para generar ingresos extras con los cuales le pueda ofrecer a su hijo una educación universitaria. Luz Dary aspira a que un préstamo le brinde la oportunidad de acceder a la compra de pollos para la crianza y posterior venta, y de esta manera generar mayores ingresos que le permitan ofrecerle a su hijo el acceso a una educación universitaria.
Luz Dary espera que su hijo pueda acceder a la universidad, además de poder mejorarle la calidad de vida a su familia.
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.
A loan of $1,150 helped Luz Dary to purchase chickens to raise and later sell, and in this way she can generate increased income which will allow her to provide her son with access to a university education.