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Luz Miriam
Luz, 44, is a single mother of three minor children. This woman has sacrificed for her family in order to provide them better quality of life and guarantee a good education for them. Her life hasn’t been easy because she’s had to work hard to move them forward.

With effort and dedication she succeeded in setting up a store specializing in stationery supplies, beauty products and personal hygiene products. Aiming at increasing sales and improving her home’s economic conditions, she’s requesting a loan to buy stock. She dreams with continuing to grow in the local marketplace and to insure a better quality of life for her family.
View original language description ↓
Luz de 44 años, es madre soltera de tres hijos menores de edad. Por su familia esta mujer se ha sacrificado con el fin de brindarles una mejor calidad de vida y garantizarles una buena educación. Su vida no ha sido fácil pues ha debido a trabajar fuertemente para sacarlos adelante.
Con esmero y dedicación ha logrado montar un almacén dedicado a la comercialización de artículos de papelería, belleza y aseo personal. Con el fin de aumentar las ventas y mejorar las condiciones económicas de su hogar, se encuentra solicitando un crédito que invertirá en la compra de surtido.
Sueña con seguir creciendo dentro del mercado local y garantizarle a su familia una mejor calidad de vida.

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
  • 359
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,892.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,075 helped Luz Miriam to buy stationery supplies, beauty products and personal hygiene products.
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 3, 2013
Jun 4, 2013
Currency Exchange Loss:
Jul 4, 2013