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Luz Marina
Luz was a housewife dedicated to her home and to her children, who has always loved the art of cooking and she attended a variety of classes and workshops as a hobby.

When her husband retired, Luz decided to set her own business with the desire to keep herself busy and obtain a source of income. For the last eight months she has been the owner of a fast-food business, she obtained the premises thanks to the fact that a friend was selling it and she saw a great opportunity there. She works together with her husband who has been her right-hand man in everything, and the business has made them stronger as a couple. In addition, she generated two jobs which have been fundamental to the success of the business. Her dream is to leave her children a legacy and have a more stable income.

Luz works from 3:00 pm to 10:00 pm and in the morning she dedicates her time to what makes her most proud, her role as a mother. In these times, Luz needs money to buy an industrial oven, to install an extractor fan and make some improvements to the premises, this will allow her to attract more customers to the business and improve their sales. She dreams of having a large business with good credit, hence why she is tirelessly fighting to achieve this.
View original language description ↓
Luz fue una ama de casa dedicada a su hogar y a sus hijos, siempre le gusto el arte de la cocina y realizó varios cursos y talleres por hobby.
Cuando su esposo se pensiono, decidió iniciar con su propio negocio con el afán de ocuparse y obtener algunos ingresos.
Hoy en día es la dueña de un negocio de comidas rápidas desde hace 8 meses, adquirió el local gracias a que un amigo lo estaba vendiendo y vio allí su gran oportunidad.
Ella trabaja junto a su esposo que ha sido su mano derecha en todo, y el negocio ha hecho que ellos se unan mas como pareja.
Además genera 2 empleos los cuales han sido fundamentales para el éxito del negocio.
Su anhelo es poder dejarle un legado a sus hijos y tener ingresos más estables.
Ella trabaja en un horario de 3:00 pm a 10:00 pm y en la mañana se dedica al oficio que mas la enorgullece, y es el rol de ser mamá.
En estos momentos Luz necesita recursos para comprar un horno industrial, acondicionar un extractor de olores y realizar algunas mejoras locativas, esto les permitirá atraer más clientes al negocio y mejorar sus ventas.
Ella sueña con tener un negocio más grande y acreditado, por eso lucha incansablemente para lograrlo.

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
  • 263
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,943.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,050 helped Luz Marina to buy an industrial oven, to install an extractor fan and to improve the premises.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Expired:
May 30, 2014