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Luz Amparo
Luz Amparo started out sending résumés to many firms hoping to find someplace to work but the few opportunities that arose led her to study dressmaking and to open her own dressmaking business. In this way she generates income to contribute to her home where she lives with her husband and two children that she’s always wanted to provide a quality education for.

Luz Amparo started her shop with very little capital but with much drive to move it ahead and it was this attitude that allowed her to get ahead despite adversity and to consolidate her business with of her customers.

Luz Amparo currently has large contracts to manufacture business and school uniforms and she's just gotten a new customer that wants her to start making bedspreads and quilts. Hoping to accept this customer’s proposal, Luz Amparo is looking for a loan that will give her the possibility of buying a sewing machine with which to make the bedspreads and quilts so that her business can continue growing.

In this way, Luz Amparo hopes to continue consolidating her business and generating employment for people most in need. Also, Luz Amparo hopes that with higher income her family can enjoy a better quality of life and her children can access a higher quality education.
View original language description ↓
Luz Amparo en un principio comenzó a enviar hojas de vida a muchas empresas con el fin de encontrar un lugar donde emplearse, pero las pocas oportunidades que se presentaron la llevaron a estudiar modistería y montar su propio negocio de confección. De esta manera, genera ingresos con los cuales contribuye económicamente en su hogar, donde convive con su esposo y sus 2 hijos, a quienes siempre les ha querido ofrecer el acceso a una educación de calidad. Luz Amparo inició su taller con muy poco capital pero con muchas ganas de sacarlo adelante, y fue esta actitud la que le permitió salir adelante por encima de las adversidades y a consolidar su negocio ante sus clientes. Actualmente Luz Amparo tiene grandes contratos para confeccionar uniformes empresariales y de colegio, y además, le ha surgido un nuevo cliente que le ha estado proponiendo el negocio de confeccionar tendidos y acolchados. Con el ánimo de poder aceptar esta propuesta de su cliente, Luz Amparo busca que un préstamo le brinde la posibilidad de acceder a la compra de una máquina de coser con la cual pueda elaborar tendidos y acolchados y siga creciendo su negocio.

De esta manera, Luz Amparo espera seguir consolidando su negocio y generar empleo para las personas más necesitadas. Además, Luz Amparo espera que con mayores ingresos su familia pueda gozar de una mejor calidad de vida y sus hijos puedan acceder a una educación de mayor calidad.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Luz Amparo to buy a sewing machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013