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Luz Albany
From the time she finished secondary school, Luz Albany began working in different stores, selling personal use products. From this, she obtained a great experience and was very wise with her income, and therefore, she acquired some savings with which she decided to start her own business. She has a store located near the main park of her community and this allows her a very good location. Currently, Luz Albany is married and has two daughters ages 8 and 12 and in order to provide them with a good quality of life, she arduously exerts herself everyday at her business. Since the shop where she has her business is quite large, Luz Albany is looking for a loan to purchase more personal use products to stock her business in order to take advantage of the ample space she has available.

Her dream is to have a great business and to be able to have a good income to progress economically with her family. Moreover, she wants to have the opportunity to offer her two daughers a good quality education.
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Luz Albany comenzó a trabajar desde que salió del colegio en diferentes almacenes de venta de productos de uso personal, de allí adquirió una gran experiencia y también fue muy juiciosa con sus pagos, pues consiguió tener unos ahorros con los cuales decidió montar su propio negocio, el cual es un almacén ubicado cerca del parque principal de su municipio y esto le permite tener muy buena ubicación. Actualmente Luz Albany se encuentra casada y tiene 2 hijas de 8 y 12 años de edad y para ofrecerles una buena calidad de vida se esfuerza arduamente todos los días en su negocio. Como el local donde tiene ubicado su negocio es muy amplio, Luz Albany busca un préstamo para comprar productos de uso personal y surtir su negocio para aprovechar el amplio espacio con el que cuenta.

Su sueño es tener un gran negocio y poder tener unos buenos ingresos para progresar económicamente con su familia. Además de tener la oportunidad de brindarle a sus 2 hijas una educación escolar de muy buena calidad.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,675 helped Luz Albany to purchase personal use products and to stock her business to take advantage of the ample space she has available.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Oct 6, 2012
Currency Exchange Loss:
Nov 5, 2012