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Luz Elena
Luz, 39, is in a common law relationship with her spouse and mother of three children. She’s spent her working life employed in various firms selling all kinds of merchandise especially paper goods in order to add to family income. She’s been unemployed for the last three years and because of the lack of employment opportunities she’s found it hard to get a job which is why she decided to once again start selling merchandise and getting good results.

Thanks to this she opened a business of her own in a shopping center four months ago. She sells items like general stationery goods there at retail. She’s managed thus to earn enough income to contribute to her home’s economy.

She’s a hardworking, enterprising, active woman with a strong wish to continue making progress. This motivates her to request a loan to buy an assortment of stock merchandise (markers, notebooks, pencils, ribbons, etc.) in order to have a wide variety of goods on-hand to offer customers thus meeting their needs which will then be reflected in higher sales and income earned.

Luz dreams with making her business grow, to make it well-known and to expand her portfolio of services so that she will attain market recognition generating the opportunity of offering her family favorable economic stability to improve living conditions and provide better schooling for her children.
View original language description ↓
Luz, a sus 39 años de edad es madre de 3 hijos y vive en uniòn libre con su compañero sentimental. Su vida productiva la ha dedicado a laborar en diferentes empresas alternando con la venta de mercancìa, especialmente artìculos de papelerìa, con el fin de complementar los ingresos familiares. Desde hace 3 años se encuentra desempleada y por falta de oportunidades laborales le ha sido difìcil emplearse, por lo que decidiò retomar nuevamente la venta de mercancìa obteniendo buenos resultados, gracias a ella hace 4 meses montò su negocio propio en un local comercial, allì ofrece productos de detalles y papelerìa en general, de esta manera ha logrado generar ingresos suficientes para aportar a la economìa de su hogar. La cliente es una mujer luchadora, activa, emprendedora y tiene muchos deseos de seguir progresando; ésto la motiva a solicitar el apoyo del crédito para invertirlo en la compra de surtido al por mayor (marcadores, cuadernos, lapiceros, cintas, entre otros), con esto tendrá variedad de productos disponibles para ofrecer a sus clientes, satisfaciendo las diferentes necesidades; esto se reflejará en el incremento de las ventas y por ende los ingresos que recibe.
Luz sueña con hacer crecer su negocio, acreditarlo, ampliar su portafolio de servicios lo que le permitirá lograr un reconocimiento en el mercado, generando la oportunidad de ofrecer a su familia una estabilidad económica favorable para mejorar las condiciones de vida y brindar una mejor educación a sus hijos.

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
  • 393
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,915.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,575 helped Luz Elena to buy stock merchandise for her store.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2013
Sep 16, 2013
Currency Exchange Loss:
Oct 16, 2013