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Luz Marina
Luz is 57 years old and a widow. With a lot of effort and sacrifice, Luz now has to bring up her four children and help them get ahead in life. She has worked in various position over the last twenty years but she now wants to work independently selling fried foods in her local town.

In order to enjoy her old age peacefully, Luz is applying for a loan to invest in buying a heater, display and case and basic materials. This will allow her to start up her business and improve her quality of living.
View original language description ↓
Luz, de 57 años de dad, es una mujer viuda a la que le tocó educar y sacar adelante con esfuerzo y mucho sacrificio a sus cuatro hijos. Ha laborado en oficios varios por más de 20 años, pero en la actualidad desea trabajar como independiente dedicada a la venta de toda clase de fritos en su sector de residencia.
Con el propósito de gozar de una vejez tranquila. Luz se encuentra solicitando un crédito que invertirá en la compra de una estufa, vitrina y materia prima, lo que le permitirá iniciar su con su proyecto de negocio y mejorar su calidad de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young 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
  • 464
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,898.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luz Marina to buy a heater, display case and basic materials.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 28, 2013
Jun 24, 2013
Currency Exchange Loss:
Mar 19, 2014