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Luz Elena
Luz Elena is the mother of nine children, so she works tirelessly to generate enough income to support the family and provide an education. Her husband also works but expenses exceed his salary, so Luz decided to generate an income to pay for the home’s urgent needs.

Since she still has young children, this lady sells silver accessories in order to care for children.

She is asking for a loan in order to buy merchandise. She hopes that this investment will improve her family’s life and allow her children to have a good education.
View original language description ↓
Luz Elena es madre de nueve hijos, razón por la cual trabaja incansablemente para generar los ingresos suficientes para el sostenimiento y la educación su familia. Su cónyuge también labora pero los gastos sobrepasan su salario, por lo cual Luz optó por generar ingresos y solventar las necesidades urgentes en el hogar.
Debido a que aun tiene hijos menores de edad, esta mujer se dedica a la venta de accesorios en plata con el fin de estar pendiente de sus hijos.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de mercancía.
Espera que con esta inversión, mejorar la calidad de vida de su familia y que sus hijos puedan gozar de una buena educación.

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
  • 370
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,827.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Luz Elena to buy silver accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Apr 17, 2013
Currency Exchange Loss:
Apr 17, 2014