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Luz Amparo
Luz Amparo, age 47, never imagined that she would end up establishing a seamstress shop. “Sometimes circumstances corner you, and you do things you never image.” With these words Luz starts to tell us that she started her business the day her husband separated from her. With four children, she needed ways to generate income and support her children. Therefore, she started making repairs for her neighbors. Later she used her savings to buy some machines in order to work for third parties and increase her income.

Her business has now been growing, and she needs to invest in supplies for the production that has been requested for the end of the year. For this reason she is requesting a loan because she does not have her own resources to make this investment.
View original language description ↓
Luz Amparo de 47 años de edad, nunca se imaginó que terminaría montando un taller de confección. “Las circunstancias a veces te acorralan y haces cosas que tu no imaginas” con estas palabras doña luz comienza a relatarnos que su negocio inició el día en que su esposo se separó de ella. Con 4 hijos, ella necesitaba alternativas para generar ingresos y poder sostener a sus hijos, por lo cual comenzó realizando arreglos a sus vecinas y posteriormente con unos ahorros compró algunas máquinas para laborarle a terceros y aumentar sus ingresos. En estos momentos su negocio ha ido creciendo por lo cual necesita una inversión en insumos para poder realizar la producción que le han solicitado para fin de año, por esta razón solicita un crédito ya que no cuenta con recursos propio para realizar esta inversión.

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
  • 413
    View loans »
    Colombia Loans Fundraising
  • $16,316,100
    Funds lent in using Kiva
  • 1,823.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Luz Amparo to buy supplies like fabric and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 1, 2012
Currency Exchange Loss:
Sep 22, 2013