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Aida Luz
Aida is a single mother and head of the household. She has two children aged 12 years and seven months. She has had to work very hard for a long time to be able to earn enough money to support them and pay the household bills.

Approximately twelve years ago, Aida started making good-quality clothing and was able to attract a large number of customers and made many sales. Because of this business, she has been able to earn enough money to offer her children a good standard of living. She wishes to continue with this work and maintain a good business.

As she wishes to respond to the many orders of her customers and because she lacks capital, Aida is seeking a loan to buy supplies and other materials to make clothing. In this way she can continue to offer good products to her customers and earn an income to support her family. Her hope is that her business will continue to allow her to have a good standard of living and that in the future she will be able to buy a house of her own.
View original language description ↓
Aida es una madre soltera cabeza de familia de sus 2 hijos de 12 años y 7 meses de nacido, por lo que ha tenido que venir trabajando fuertemente desde hace bastante tiempo con el ánimo de poder generar los ingresos necesarios para el sostenimiento de los gastos de su hogar. Aida desde hace aproximadamente 12 años montó su negocio de confección en el cual ofrece productos de muy buena calidad, lo que le ha permitido captar una gran cantidad de clientes y tener muy buenas ventas. Gracias a su negocio ha podido generar los ingresos para poder ofrecerles a sus hijos una buena calidad de vida y es por esto que sigue trabajando fuertemente para poder seguir teniendo un buen negocio. Con el ánimo de responder a los grandes pedidos que le han hecho sus clientes, y debido a que no cuenta con un gran capital, Aida busca que un préstamo le brinde la posibilidad de acceder a la compra de insumos y materias primas para la confección de sus productos y poder responder así a los grandes pedidos que le han hecho sus clientes.
De esta manera podrá seguir creciendo en su negocio ofreciendo buenos productos a sus clientes y así seguir generando los ingresos necesarios para su hogar. Además, Aida sueña con que su negocio le brinde la oportunidad de tener una buena calidad de vida y en un futuro poder conseguir su propia casa.

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
  • 464
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Aida Luz to buy supplies to make clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013