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Luz Mery
Luz Mery lives with her two children. Together they raise and sell animals. She has done this work for 15 years. It has allowed her to have daily support for her family.

She currently needs to improve her family’s quality of life. To do so she needs to buy more easy to sell animals. She will also have a good income from their sale.
View original language description ↓
Luz Mery vive con sus dos hijos y junto con ellos se dedican a la cría de animales y la venta de los mismo, esta labor que por 15 años ha desempeñado es la que le permitido tener el sustento diario para su familia.

Actualmente ella necesita mejorar la calidad de vida de su familia y para esto requiere de la compra de mas animales que sean fáciles de vender y que además pueda tener un buen ingreso con la venta de los mismos.

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

  • $11,100
    Average annual income
  • 281
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,915.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Luz Mery to buy animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 28, 2011
Mar 4, 2011
Currency Exchange Loss:
Mar 15, 2012