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Luz Aracelly
Luz grows marigolds which is a medicinal plant and thanks to this work generates income to contribute towards household expenses because her husband’s salary is insufficient to cover all household expenses. She sells her plants to a natural products store in the city and gets income for her work that way and thanks to her customer placing very good orders with her she’s managed to grow with her business.

However, winter has brought some difficulties so she’s looking for a loan so that she will be able to buy manure, insecticide and fungicide to move her crops forward despite the winter that’s being experienced. Her crops will be of good quality this way and she will continue receiving very good income for it allowing her to provide her husband and children with a good quality of life in their home. Her dream is to increase her crops to sell larger amounts and generate employment for those most in need.
View original language description ↓
Luz tiene un cultivo de caléndula que es una planta medicinal, y gracias a este trabajo genera ingresos con los cuales contribuye al sostenimiento de todos los gastos que se generan en su hogar, ya que el salario que recibe su esposo no es suficiente para poder sostener los gastos de su hogar. Sus plantas las vende en una tienda naturista de la ciudad y así recibe ingresos por su trabajo, y gracias a que su cliente le hace muy buenos pedidos ha logrado crecer con su negocio. Sin embargo, el invierno le ha venido presentando algunas dificultades, por lo que busca que un préstamo le permita comprar abonos, insecticidas y fungicidas para sacar su cultivo adelante pese al invierno que se está presentando.

Así, su cultivo podrá seguir siendo de muy buena calidad y seguirá recibiendo muy buenos ingresos por este, permitiendo así brindar a su esposo y sus hijos una buena calidad de vida en el hogar. Su sueño es incrementar su cultivo logrando vender una mayor cantidad y generar empleo para los más necesitados.

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
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Luz Aracelly to buy farm supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 9, 2012
Jun 1, 2012
Currency Exchange Loss:
Dec 19, 2013