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Luz Maria
Luz Maria is 50 years old and has been performing a great social work for 18 years: operating a child care center where she cares for approximately 80 children. She gives them good care and a good education while their parents, the majority of whom have few economic resources, are at work. Since she started her child care center, it has grown a lot and this has allowed her to attend to more and more children. It allows her to provide society with a good quality of life. Because of the large number of children who attend, her 20-year-old daughter works with her so that her child care center can offer the highest-quality education possible. Despite the fact that she looks after a large number of children, Luz Maria performs a kind of community assistance with the area residents, so she doesn't have a lot of capital available. This is why she is looking for a loan to repair the roof of her child care center.

Her dream is that this home grows and allows these children to move forward, given that they come from families affected by great difficulties. She also hope to improve bit by bit so that bit by bit the children feel more comfortable there.
View original language description ↓
Luz María tiene 50 años y desde hace 18 años viene desempeñando una gran labor social que es la atención de un centro de cuidado infantil donde atiende a aproximadamente 80 niños y les brinda un buen cuidado y una buena educación mientras sus padres, la gran mayoría con muy pocos recursos económicos, se encuentran en sus trabajos. Desde que montó su c centro de cuidado infantil ha logrado crecer mucho y esto le ha permitido atender cada vez a un mayor número de niños, lo que permite brindar a su sociedad una muy buena calidad de vida. Gracias a la gran cantidad de niños que atiende, su hija de 20 años le colabora para que su centro de cuidado infantil pueda ofrecer la mayor calidad de educación posible. A pesar de que cuida una gran cantidad de niños, Luz María realiza una labor casi social con los habitantes del sector, por lo que no cuenta con un gran capital disponible; es por esto que busca un préstamo para reparar el techo de su centro de cuidado infantil.

Su sueño es que este hogar crezca y les permita salir adelante a estos niños que provienen de familias tan golpeadas por grandes dificultades. Además espera mejorar poco a poco para que cada vez los niños se sientan más a gusto allí.

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
  • 542
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Luz Maria to repair the roof of her child care center.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014