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Luz Nelly
Luz,at 34 years old is a charismatic and helpful woman who works in her own business a grocery store. She started it with the need to generate income to get her family ahead, as she is the head of the family being separated from her husband. Despite the adversity she had the strength and determination to get up and continue forward and thanks to this she has 10 years of experience in this field.

Her goal in life is to continue to progress so she wants to strengthen her business with a loan buying food products such as groceries, grains, soft drinks, fried foods, liquors, and other foods. In this way she can offer her clients better quality and service, mange to increase markedly her sales and the profits she gets from them.

Luz says that her main wish is to continue to grow with her business and would like to convert it into a supermarket in the future. Then her clients can find anything they need and thus improve her profit and be able to offer her family a better quality of living.
View original language description ↓
Luz, a sus 34 años de edad, es una mujer carismática y servicial que se dedica a trabajar en su propio negocio, una tienda de abarrotes que inició por la necesidad de generar ingresos para sacar adelante a su familia, ya que es cabeza de hogar desde que se separó de su esposo.

A pesar de las adversidades, ella tuvo la fortaleza y la determinación para levantarse y seguir adelante y, gracias a ello lleva 10 años de experiencia en este campo.

Su propósito en la vida es seguir progresando y por ello desea fortalecer su negocio acreditándolo con la compra de insumos tales como abarrotes, granos, gaseosas, frituras, licores, y otros comestibles.

De esta manera podrá ofrecer a sus clientes una mejor calidad y servicio, logrando aumentar notablemente sus ventas y los ingresos que recibe de ellas.


Luz manifiesta que su mayor anhelo es seguir creciendo con su negocio y, en un futuro desea convertirlo en un supermercado, en el que los clientes puedan encontrar todos los artículos que necesiten y así mejorar la rentabilidad y poder ofrecer una 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.

About Colombia

  • $6,070
    Average annual income
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $375 helped Luz Nelly to buy groceries, grains, soft drinks, fried foods, liquors and other foods to stock her store.
55% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2014
Listed
Aug 21, 2014
Currency Exchange Loss:
Possible