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Luz Marina
Luz is known for her charisma and her drive, and is dedicated to her family, which consists of her husband and their two children. She has made an enormous effort to provide her children with a good education.

She has always spent her working life in independent commerce. She started by selling small things such as stockings, hair decorations and orders that she received. Then she decided to adapt a space in her home for her customers. Slowly her business grew, until 6 years later it was offering a range of products such as toys, accessories and stationery items.

Luz would like to strengthen her business even more by investing the loan to buy stock wholesale, including products such as accessories, personal care items, toys, stationery and cosmetics. This will allow her to offer more variety to satisfy her customers' wants and to make a significant improvement in her sales. In addition, with the profits she makes she will be able to re-invest in the business, since her dream is to provide it with continuity and permanence over time. In this way, Luz will be able to provide her family with a better quality of life.
View original language description ↓
Luz es reconocida por su carisma y empuje, dedicada a su familia conformada por su esposo y sus dos hijos a los que ha sacado adelante con gran esfuerzo.
En su vida productiva se ha dedicado al comercio independiente, inició ofreciendo productos pequeños como medias, moños y encargos que le hacías, pero luego decidió adaptar un espacio de su vivienda para atender a su clientela y poco a poco fue creciendo hasta convertir su negocio en una miscelánea con 6 años de trayectoria en el sector, en la que ofrece diversos artículos como juguetes, accesorios, productos de papelería, entre otros.
Con el propósito de fortalecer cada vez más su negocio, desea invertir el crédito en la compra de surtido al por mayor (accesorios, productos de aseo personal, juguetería, artículos de papelería, cosméticos, entre otros), esto le permitirá ofrecer más variedad para satisfacer los gustos de sus clientes y mejorar notablemente las ventas; además, con las ganancias que obtiene podrá reinvertir en el negocio, pues su sueño es darle continuidad y permanencia en el tiempo, así Luz estará en la capacidad de brindar mejor calidad de vida a su 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,924.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $800 helped Luz Marina to buy wholesale stock such as accessories, personal care items, toys, stationery and cosmetics.
65% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Jan 12, 2014
Currency Exchange Loss:
Possible