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Luz Marina
Luz is 38 years old and is a hardworking, active woman who has been a housewife for most of her life, caring for her husband and two children. Seven years ago she decided to start her own business, a general store in her home, in order to generate some income and help her husband. She tends to it from 8:00 am to 7:00 pm every day, selling decorations, paper goods, accessories, and other things. This way she has been able to obtain the resources she needs to provide some of her family’s needs.

She is asking for this loan to buy a display case and inventory in quantity (accessories, decorations, and paper goods). This will allow her to improve her store’s image and be able to show her products in an organized manner and have a greater variety of products to satisfy her various customer desires. This will increase her sales and income.

Luz says that her greatest desire is to accredit her business well and expand it so that she can provide new services such as an internet café and copy services and guarantee profitability so she can provide her family with a better quality of life and wellbeing.
View original language description ↓
Luz, a sus 38 años de edad, es una mujer trabajadora y activa, durante gran parte de su vida se ha dedicado a ser ama de casa, dedicada a cuidar de su esposo y sus dos hijos pero, desde hace 7 años, con el ánimo de generar ingresos y apoyar a su esposo con la carga económica del hogar, ella tomó la decisión de iniciar su propio negocio, un almacén de variedades que ubicó en un espacio de su vivienda, en el que trabaja sola todos los días de 8 am a 7 pm, ofreciendo artículos de decoración, productos de papelería, accesorios, entre otros; así ha logrado obtener recursos que le permiten sustentar algunas necesidades del hogar.
El crédito que solicita lo invertirá en la compra de una vitrina exhibidora y surtido al por mayor (accesorios, productos de decoración y papelería), esto le permitirá mejorar la imagen de su negocio, pues podrá mostrar los productos de forma organizada y tendrá más variedad para satisfacer los gustos diversos de sus clientes, lo que dará como resultado un incremento en las ventas.
Luz manifiesta que su mayor anhelo es poder acreditar bien su negocio, ampliarlo para poder prestar nuevos servicios como café internet y fotocopiadora, así garantizará una rentabilidad favorable para brindar mejor calidad de vida y bienestar 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.

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About Colombia

  • $6,070
    Average annual income
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 2,037.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Luz Marina to buy a display case.
63% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Mar 24, 2014
Currency Exchange Loss:
Possible