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Luz Ángela
Sustainment often becomes a great challenge for many families who don’t have the necessary resources to get ahead. This is the case with Luz Ángela, a 41 year old woman with three minor children. Her precarious financial situation was creating a sense of desperation because she didn’t know how to generate an income so she could support her children. Motivated by a friend of her’s, she decided to sell fried foods from her home, using a small fryer. Thanks to the good service and discipline, she was able to buy a fast food cart to improve her small business. Now she if very grateful for the benefits that God has provided.

Her dream is to continue consolidating so that she can provide for an education for her children. She is asking for this loan to buy a tent so that she can offer better service and generate a better income for her household.
View original language description ↓
La subsistencia en ocasiones suele convertirse en un gran reto para millares de familias que no cuentan con los recursos necesarios para salir adelante, éste es el caso de Luz Ángela, una mujer de 41 años y con tres hijos menores de edad. Su precaria situación económica la estaba consumiendo en la desesperación por la impotencia de no saber cómo generar los ingresos necesarios para sostener a sus hijos. Motivada por una amiga decidió vender fritos en la puerta de su casa con una pequeña freidora. Gracias a la buena atención y a su disciplina logró comprar un carro de comidas rápidas para mejorar su pequeño negocio. Hoy se siente muy agradecida por las bendiciones que ha recibido de Dios.
Su mayor sueño es que su negocio se siga consolidando para ofrecerle a sus hijos educación, por esta razón se encuentra solicitando un crédito para la compra de una carpa con el fin de mejorar la calidad en el servicio y generar mayores ingresos para el hogar.

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
  • 166
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,771.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Luz Ángela to buy a tent.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 22, 2014