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Mary Luz
Mary Luz is a person who has always been known for wanting to give her husband and children a better quality of life. The income her husband generates is not enough to support the household expenses. That is why she decided to open her own business in order to have another source of income for the family.

That is how, with some savings and a lot of effort, she established a restaurant where she offers her customers breakfast, lunch, and other food. Thanks to the good service that she offers, she has managed to win over a great number of customers.

Ever since she opened her restaurant her family’s financial conditions have improved considerably. This allows her children to have access to a better quality of education. It also allows the whole family to have a better quality of life.

Thanks to her sales she is now able to generate two jobs, and this makes her feel very proud. She is able to contribute to the income of two people who need it for their families. Also, they can get ahead.

Because the business was started with very little capital, she does not have enough table and chairs to meet the customer demand. Therefore, her lunch business has been affected by not being able to tend to more customers. This is because of the restaurant’s small capacity.

With the thought of improving this situation, Mary Luz is looking for a loan to buy chairs and tables. This way she will be able to increase her restaurant’s capacity. She will not lose customers because she does not have a place to seat them.

She hopes that her sales will increase considerably this way. She will be able to tend to a lot of customers that she previously did not have the capacity to serve. Also, her household income will increase considerably. Her family will continue enjoying a very good quality of life. They will even have better financial opportunities to pay for their children’s university education.
View original language description ↓
Mary Luz es una persona que siempre se ha caracterizado por querer brindar a su esposo y sus hijos una buena calidad de vida, es por esto que debido a que los ingresos que generaba su esposo no estaban siendo suficientes para el sostenimiento de los gastos de su hogar, decidió abrir su propio negocio para así tener otra fuente de ingresos para la familia. Fue así como con unos ahorros y mucho esfuerzo montó un restaurante donde ofrece a sus clientes desayunos, almuerzos y comidas, y gracias a la buena atención que ofrece ha logrado captar un gran número de clientes. Desde que abrió su restaurante las condiciones económicas de su familia han mejorado considerablemente, permitiéndoles a sus hijos tener el acceso a una educación de mejor calidad y también tener una mejor calidad de vida en toda su familia. Gracias a las ventas ahora puede generar 2 empleos y esto la hace sentir muy orgullosa, pues puede aportarle a 2 personas los ingresos que requieren para que sus familias también puedan salir adelante. Debido a que su negocio fue montado con muy bajo capital, no cuenta con tantas mesas y sillas como lo demandan sus clientes, por esto a la hora del almuerzo ha tenido que verse afectada por no poder atender más clientes por la poca capacidad que tiene en el restaurante; con el ánimo de mejorar esta situación, Mary Luz busca un préstamo para comprar sillas y mesas y así poder aumentar la capacidad de su restaurante y ya no perderse de atender clientes por no tener donde ubicarlos.

Así espera que sus ventas aumenten considerablemente, pues podrá atender a muchos clientes que antes no tenía capacidad de atender. Además, los ingresos para su hogar aumentarán considerablemente y su familia seguirá gozando de una muy buena calidad de vida y hasta mejores oportunidades económicas para pagarles una educación universitaria a sus hijos.

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
  • 494
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Mary Luz to buy tables and chairs to increase the seating capacity at her restaurant so that she that she does not lose customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 25, 2012
Aug 1, 2012
Currency Exchange Loss:
Aug 30, 2014