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Luz Elena
Luz has been running her own business for more than 20 years. It’s a small fruit shop located in the stadium area in the city she lives in. She offers all types of fresh fruit, fruit salads, ‘salpicón’ [fruit mixed with soft-drink], packaged snacks, ice-cream, etc. She works every day from 7am to 7pm and on Sunday extends business hours because of the large number of people that come into the sector.

The business was her parents’ initially and they decided to pass in on to her so that she’d run it and generate enough income to help her husband with the household expenses and provide her two children with an excellent education.

The client is a driven, active, hardworking woman who is always seeking new alternatives that will make it possible for her to advance and reach her goals. She’s encouraged to request the loan in order to buy a freezer and stock at wholesale (fruit, ice-cream, packaged snacks, milk cream, etc.) This will make it possible for her to properly store her products and be able to offer quality products to her customers. In addition, she’ll have a wider variety of food on sale which will attract new, potential customers resulting in higher sales and earned income.

Luz will thus be able to continue with her work for in future she hopes to reach her dream of enlarging her establishment to have the opportunity of generating employment improving not only her family’s quality of life but also that of others who will go into this hard work.
View original language description ↓
Luz lleva más de 20 años dedicándose a atender su propio negocio, una pequeña frutería ubicada por el sector del estadio de la ciudad donde reside, allí ofrece todo tipo de frutas frescas, ensaladas de frutas, salpicón, mecato, helados, entre otros productos, trabaja todos los días de 7:00 am a 7:00 pm y los domingos extiende su horario de atención debido a la gran afluencia de personas por este sector. El negocio inicialmente era de sus padres, quienes decidieron cedérselo a ella para que se encargara de él y generara los ingresos suficientes para apoyar a su esposo con la carga económica del hogar y brindar a sus 2 hijos una excelente educación. La cliente es una mujer pujante, activa y luchadora, siempre va buscando nuevas alternativas que le permitan avanzar y cumplir sus objetivos. Se motiva a solicitar el crédito con el fin de invertirlo en la compra de un congelador y surtido al por mayor (frutas, helados, mecato, crema de leche, entre otros) esto le permitirá almacenar bien sus productos y así poder ofrecer productos de calidad a sus clientes, además tendrá más variedad de alimentos para la venta, lo que le permitirá atraer nuevos y potenciales clientes, dando como resultado un incremento en las ventas y en los ingresos que recibe. De esta manera Luz podrá continuar con su labor, pues en un futuro desea cumplir el sueño de ampliar su establecimiento y así tener la posibilidad de generar oportunidades de empleo, mejorando no solo la calidad de vida de su familia, sino la de otras personas que influyan en esta ardua labor.

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
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Luz Elena to buy a freezer and stock at wholesale.
92% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 28, 2013
Currency Exchange Loss:
Aug 21, 2015