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Luz Dary
Luz is an active, enterprising woman. She is married and the mother of three children whom she is getting ahead through much dedication and effort.

About ten years ago she learned how to make costume jewelry out of murano and black gold. She learned through watching and improved her technique little by little. She sells her products to her family and friends in the area and generates income to help her husband pay the household expenses.

She is asking for this loan to buy supplies in quantity (nylon, rhinestones, murano, brooches) so she can continue her business and create new designs in the current styles, thereby satisfying her customers and improving her profits from each sale.

All of this will allow Luz to achieve her dream of growing her business and expanding her market by letting others know. This will improve her profitability and provide a better quality of life for her and her family.
View original language description ↓
Luz es una mujer activa y emprendedora, casada y madre de 3 hijos a los que ha sacado adelante con mucha dedicación y esfuerzo.
Hace aproximadamente 10 años desarrolló la habilidad para fabricar accesorios de bisutería en murano y oro negro, aprendió el oficio por medio de la observación y poco a poco fue mejorando sus técnicas; los productos que fabrica los vende entre sus familiares y amigos del sector y así genera recursos para apoyar a su esposo con la carga económica del hogar.
El crédito que solicita será destinado a la compra de insumos al por mayor (nylon, pedrería, murano, broches) lo que le permitirá continuar con su actividad y realizar nuevos diseños que cumplan los estándares de la moda actual; satisfaciendo así los gustos de sus clientes y mejorando los ingresos que recibe por cada venta.
Todo esto le permitirá a Luz avanzar para cumplir el sueño de crecer su negocio y trasmitir el conocimiento a otras personas para así ampliar su mercado y mejorar la rentabilidad del negocio, dando como resultado una mejor calidad de vida para ella y su grupo familiar.

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

  • $6,070
    Average annual income
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 2,042.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Luz Dary to buy supplies.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015