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Luz Dary
“Charismatic” and “Hardworking” are the best words to describe Luz Dary, a person who despite the great adversities life has thrown in her path, has had the strength to continue forward and make progress with her family.

Luz Dary works as a domestic employee and contributes economically this way to her home to support her children. However, income generated is insufficient at present to cover all her household expenses.

Some time ago, Luz Dary used to farm vegetables on a parcel of land behind her house. However, due to the strong winters in the season and the little available capital she had to maintain her crops she had to close it and leave it aside for a time. Now, Luz Dary hopes that the loan will make it possible for her to buy seeds, irrigation and manure to restart her vegetable farming thus generating additional income for her family.

Luz Dary hopes that this way her income will increase considerably because she already has vegetable farming experience and she could cover more needs this way. Also, Luz Dary hopes that with higher income her daughter can access a higher quality education and better economic opportunities that will allow them to make progress more easily.
View original language description ↓
Carismática y trabajadora son las mejores palabras con las que se puede describir a Luz Dary, una persona que a pesar de las grandes adversidades que le ha presentado la vida ha tenido la fortaleza para seguir adelante y continuar progresando junto con su familia. Luz Dary trabaja como empleada doméstica y con esto aporta económicamente en su hogar para el sostenimiento de sus hijos, sin embargo, los ingresos que genera no son suficientes en algunos momentos para cubrir todos los gastos que se generan en su hogar. Hace un tiempo Luz Dary cultivaba en un terreno que tiene detrás de su casa algunas verduras, sin embargo, por los fuertes inviernos de la época y el poco capital con el que contaba para poder sostener sus cultivos se vio en la obligación de cerrarlo y dejarlo a un lado por un tiempo. Actualmente, Luz Dary espera que un préstamo le brinde la posibilidad de acceder a la compra de semilas, riegos y abonos para poder reiniciar su cultivo de verduras y así generar ingresos adicionales para su familia.

Luz Dary espera que de esta manera sus ingresos aumenten considerablemente, pues ya tiene experiencia en la actividad de cultivar verduras y con esto podrá suplir mayores necesidades que ahora. Además, Luz Dary espera que con mayores ingresos su hija pueda acceder a una educación de mayor calidad y a mejores oportunidades económicas que les permita progresar con mayor facilidad.

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
  • 386
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Luz Dary to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 13, 2012
Apr 5, 2012
Currency Exchange Loss:
May 17, 2013