Check out some available loans that are similar to this one!
Luz Bibiana
Luz is a homemaker who is 34 years old, married, and the mother to four children. Currently, she makes a living working in her own business, a shop that sells fried foods that she herself prepares. She prepares them in her home and sells them in public on the street. She began this activity empirically, only with the intention of generating an income to support her husband in the economic burden of their home.

She is a thriving, dedicated, and tenacious woman. Day to day, she faces the different risks to which she is exposed on the street with her only goal being to safeguard the wellbeing of her children, who are her main motivation for continuing ahead.

She is requesting the support of the loan to purchase kitchen utensils (pots, pans, spoons, knives) and to purchase supplies wholesale (vegetables, meat, chicken, flour, salsas). This will allow her to improve her work conditions and to be able to expand her portfolio of products to satisfy the diverse tastes of her diners and to be able to attract new and potential customers from the people who travel through the area.

All of this will be seen reflected in the increase of her income, with which she will be able to continue contributing economically to her home. She will also have the possibility of saving for, in the medium-term future, the ability to achieve her dream of having her business in a store where she will be able to provide a better quality of service and diners will be able to feel more comfortable. For this, Luz makes more of an effort each day to be able to achieve what she has proposed and to be able to provide a better well-being to her family.
View original language description ↓
Luz es una ama de casa de 34 años de edad, casada y madre de cuatro hijos. Actualmente se dedica a trabajar en su propio negocio, una venta de alimentos fritos que ella misma elabora, los prepara en su casa y los vende en la vía pública. Esta actividad la inició de manera empírica, sólo con el ánimo de generar ingresos para apoyar a su esposo con la carga económica de su hogar. Es una mujer pujante, dedicada y luchadora, día a día se enfrenta a los diferentes riesgos a los que está expuesta en la vía pública con el único fin de velar por el bienestar de sus hijos, quienes son su principal motivación para seguir adelante. Solicita el apoyo del crédito para comprar utensilios de cocina (olllas, sartén, cucharas, cuchillos) y para comprar insumos al por mayor (verduras, carne, pollo, harina, salsas), esto le permitirá mejorar las condiciones de trabajo y podrá ampliar su portafolio de productos, para satisfacer los diversos gustos de los comensales y poder atraer nuevos y potenciales clientes entre las personas que transitan por el sector. Todo esto se verá reflejado en el incremento de sus ingresos, con los que podrá continuar aportando económicamente en su hogar y además tendrá la posibilidad de ahorrar para que, en un futuro a mediado plazo pueda cumplir el sueño de tener su negocio en un local, donde podrá brindar mayor calidad en el servicio y los comensales podrán sentirse más cómodos. De esta manera, Luz se esfuerza cada día más para lograr lo que se propone y poder brindar a su familia un mejor bienestar.

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
  • 525
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,880.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Luz Bibiana to purchase kitchen utensils (pots, pans, spoons, knives) and to purchase supplies wholesale (vegetables, meat, chicken, flour, sauces).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013