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Luz Fanny
Luz Fanny is a single mother and the head of the family. She is separated from the father of her son; he provides them with no financial support. Seeing the need to earn an income, Luz Fanny decided to open a store where she sells basic items like candy, soft drinks, snacks etc. She's had the store for about six years and has used the income to support her son and provide him with an education. When she started the store she didn't have much capital so couldn't buy a refrigerator. Now she is seeking a loan to buy one so she can offer her customers items that need to be kept cold such as cold cuts, cheese etc.

With this purchase Luz Fanny hopes that her business will continue to thrive and provide her with a good income so that she doesn't have to worry about money. As well she hopes that her son will have a good standard of living and access to a good education. Her dream is to have a big store and provide employment for those who most need it, and to have a stable, regular income.
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Luz Fanny es una madre soltera cabeza de familia de su único hijo debido a que se separó del padre de su hijo y este se fue sin aportar alguna contribución económica para el sostenimiento de su hijo. Luz Fanny al ver la necesidad de generar ingresos para el sostenimiento de su hogar, decidió montar una tienda general donde ofrece productos de la canasta familiar, dulces, gaseosas, snack, entre otros. La tienda la tiene hace aproximadamente 6 años y gracias a esta ha podido sacar su hijo adelante y ha logrado brindarle a su hijo una buena educación. Debido a que cuando montó su tienda no contaba con mucho capital disponible, Luz Fanny no cuenta con un refrigerador en la misma, por lo que busca que un préstamo le permita comprar un refrigerador para ofrecer a sus clientes productos que requieran de estar refrigerados como carnes frías, quesos, entre otros.

De esta manera Luz Fanny espera que su negocio siga saliendo adelante y le permita tener buenos ingresos para no tener que sufrir por la falta de dinero. Además, aspira a que su hijo tenga una buena calidad de vida y el acceso a una buena educación. Luz Fanny sueña con tener un negocio grande donde genere empleo para los más necesitados y desde el cual pueda tener una estabilidad económica para el sostenimiento de su hogar.

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
  • 393
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Luz Fanny to buy a refrigerator so she can offer her customers items like cold cuts, cheese etc.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Mar 16, 2012
May 1, 2012
Currency Exchange Loss:
May 17, 2013