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Luz Elena Del Socorro
Luz Elena, age 51, is a fighter. The adversities of life have not robbed her of her dreams and her desire to get ahead. She loves her family and thinks that it is the best gift that God has given her.
She worked for over twelve years for a state company. She is now unemployed and tells us that the doors to the work world have been closed to her because of her age. This has motivated her to create her own business with the goal of generating an income for her household.
She is requesting a loan which she will invest in getting training to make sponge cake and spreads.
View original language description ↓
Luz Elena de 51 años de edad, es una guerrera a la que las adversidades de la vida no le han robado sus sueños y las ganas de salir adelante. Ama su familia y considera que este es el mejor regalo que Dios ha podido entregarle.
Laboró por más de doce años en una empresa del Estado. En la actualidad se encuentra desempleada y asegura que las puertas al mundo laboral se le han cerrado debido a su edad. Razón que la ha motivado a crear su propio negocio con el fin de generar el sustento para su hogar.
Se encuentra solicitando un crédito que invertirá en capacitarse en la elaboración de bizcochos y cubiertas, con el que espera desarrollar su potencial y comenzar a elaborar tortas para fechas especiales.

Additional Information

More information about this loan

This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.

In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their businesses.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Luz Elena Del Socorro to get training in making sponge cake and spreads.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 17, 2013
Currency Exchange Loss:
Oct 20, 2013