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Luz Marina
Luz Marina is a 49-year-old woman who is married and the mother of two children. She currently works as a seamstress, a trade that she learned approximately 25 years ago. In 1994, she started her own workshop that generated two permanent jobs. Thanks to her business and the support of her husband, she has been able to help her children get ahead. Luz is a hardworking and dedicated person who has the drive to succeed in her business, despite having an unstable income due to certain times of the year when her sales are low.


Luz has already received 11 loans from Interactuar and her current request will be used to buy supplies in bulk (fabrics, thread, and buttons) and to pay for the maintenance of her machines. As a result, she will be able to offer a variety of goods to satisfy the tastes of her customers as well as provide better quality in her finished products. Her main goal is to increase her income so that she can acquire a house of her own and provide a better quality of life and the best well-being for her family.

View original language description ↓
Luz Marina es una mujer de 49 años de edad, es casada y madre de 2 hijos. Actualmente se dedica a la confección, actividad que realiza hace aproximadamente 25 años, en el año 1994 inició su propio taller, generando 2 empleos fijos; gracias a esto y al apoyo de su esposo ha podido sacar adelante a sus hijos. Es una persona trabajadora y dedicada, con mucho esfuerzo ha sacado adelante su negocio, a pesar que los ingresos son inestables, porque en ciertas temporadas del año bajan las ventas. Ya ha tenido once ciclos de crédito con la Corporación y con el que solicita actualmente desea comprar insumos al por mayor (telas, hilos, botones) y realizará mantenimiento de las máquinas, con el fin de poder tener variedad que satisfaga los gustos de sus clientes y ofrecerles mejor calidad en el producto terminado. Su principal sueño es incrementar sus ingresos para poder adquirir una casa propia y ofrecer mejor bienestar y calidad de vida a la 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

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,900.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Luz Marina to buy sewing supplies in bulk (fabrics, thread, and buttons) and to pay for the maintenance of her machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 22, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014