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Luz Miryam
Luz Miryam, 50, says that her greatest priority is her family's well-being. "My effort, my struggle and needs are rewarded by the great love which my children give me every day. When I get home and see a smile on their faces, I realize that everything I've done has been worth it." With these words, Luz narrates the motivation that her family gives her in order to move forward and work towards a better future for them.

Due to her condition as a single mother, Luz has had to be both mother and father to her children, which created the need to search for a source of income to guarantee food and housing for her children.

Thanks to her efforts, Luz managed to open a store in her home, which allowed her to take care of her children and generate the income necessary to sustain her household. She believes that her business has been the greatest gift which God could have given her, because thanks to this business, she has never had to suffer from hunger.

Her greatest dream is to see her business grow, which is why she has applied for a loan. She will use this loan to buy staple goods in order to increase her level of sales and improve her earnings. She hopes to continue growing as a small businesswoman and to improve her family's quality of life.
View original language description ↓
Luz Miryam de 50 años, Asegura que su mayor prioridad es el bienestar de su familia. “mi esfuerzo, luchas y necesidades, son recompensadas por el gran amor que mis hijos me transmiten cada día. Cuando llego a casa y veo en sus rostros una sonrisa, me doy cuenta que todo lo que he hecho ha valido la pena” Con estas palabras Luz, narra la motivación que le genera su familia para sacarlos adelante y velar por un mejor futuro para ellos.
Por su condición de soltera, le ha tocado ser madre y padre a la vez, lo que ha implicado rebuscarse la vida a fin de garantizarles a sus hijos alimentación y vivienda.
Gracias a su esfuerzo, Luz logró montar una tienda en su residencia lo que le permitió cuidar de sus hijos y generar los ingresos necesarios para el sostenimiento del hogar. Hoy considera que su negocio ha sido el más grande regalo que Dios ha podido brindarle ya que gracias a él, nunca ha tenido que padecer de hambre.
Su mayor sueño es ver crecer su negocio y por ello se encuentra solicitando un crédito que destinará en la compra de productos de la canasta familiar con el fin de aumentar su nivel de ventas y mejorar sus ingresos. Espera seguir creciendo como microempresaria y mejorar la calidad de vida de su familia.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $575 helped Luz Miryam to buy staple goods.
95% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Covered