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Luz Stella
Luz Stella is a single mother of two children, ages 11 and 19. She is an enterprising woman who has always searched for ways to earn a living to give her children a better quality of life.

She began working independently by selling merchandise in the municipality of Apartadó, Antioquia, Colombia. Due to her mother's fragile health, she made the decision to move to the municipality of Medellín. One year ago, she set up her store with the savings she had managed to accumulate.

She works every day from 6:30 in the morning until 10:00 at night. One of her greatest advantages is that the competition in this sector is very low, which has allowed her to position her business well.

Her greatest wish is to offer her children a quality education and watch over the well-being of her mother, guaranteeing her a decent life.

Luz is applying for a loan to buy groceries and legumes, in order to have a good stock for the end of the year.
View original language description ↓
Luz Stella, es madre soltera de dos hijos de 19 y 11 años de edad, es una mujer emprendedora que siempre ha buscado como ganarse la vida para ofrecerles a sus hijos una mejor calidad de vida, Comenzó laborando como independiente con venta de mercancía en el municipio de Apartadó, Antioquia, Colombia. Debido a la delicada situación de salud en la que se encuentra su madre tomó la decisión de trasladarse al municipio de Medellín y desde hace un año montó una tienda con los ahorros que logró acumular. Labora todos los días de 6:30 de la mañana hasta las 10 de la noche. Una de sus mayores ventajas es que la competencia en el sector es muy baja, lo cual le ha permitido posicionar su tienda. Su mayor deseo es poder ofrecerles a sus hijos educación de calidad y velar por el bienestar de su madre garantizándole una vida digna.

Luz, se encuentra solicitando un crédito para la compra de abarrotes y legumbre con el fin de tener buenas existencias para la temporada de fin de año.

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luz Stella to buy groceries and legumes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013