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Luz Irene
Luz is a great enterprising woman. She decided to start her own business of "country art" crafts [eclectic art, mostly done on wood] to create an income so that she can help economically in her homestead.

She is married and has a 7-year-old son.

Luz has an enterprising mind that allows her to get through in life in spite of the big adversities that life has given her, thanks to this, her business keeps growing which helps her own personal growth and her family's economic growth.

She learnt the activity at an academy and thanks to the quality of her work she has very good customers that guarantee her very good sales.

With the mind to make the products her customers have asked her for, Luz wants a loan to buy supplies and raw materials to make said products. This way she will be able to beat the lack of capital in her business and to continue to progress with it. Also she will have the chance to make better profit for her family and thus give them better quality of life and bigger economical opportunities to improve.
View original language description ↓
Luz es una gran emprendedora que decidió comenzar con su propio negocio de elaboración de artículos en arte country para generar ingresos con los cuales pueda contribuir económicamente en su hogar. Casada y madre de 1 hijo de 7 años de edad, Luz tiene una gran mente emprendedora que le permite salir adelante a pesar de las grandes adversidades que le ha presentado la vida, y gracias a esto su negocio cada vez sigue creciendo para su desarrollo personal y el progreso económico de la familia. Aprendió la actividad en una academia y gracias a la calidad de sus trabajos tiene muy buenos clientes que le garantizan muy buenas ventas. Con el ánimo de elaborar una gran cantidad de productos que le han pedido sus clientes, Luz busca un préstamo para comprar insumos y materias primas para elaborar los productos que le han pedido sus clientes.

De esta manera podrá superar la dificultad de capital en su negocio y seguir progresando en este. Además, tendrá la oportunidad de generar mayores ingresos para su familia de modo que podrá brindar una mejor calidad de vida y mayores oportunidades económicas para progresar.

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
  • 311
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Luz Irene to buy the supplies and raw materials to make the products that her customers ask for.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013