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Luz Mary
Several years ago, Luz Mary learned the art of marquetry, which has allowed her to earn her own income from her home. She uses wood to frame pictures, photographs and paintings which customers bring to her for framing.

This entrepreneur dreams of having her own premises where she can offer her services. For now, she needs a loan to buy raw materials and so improve her service.
View original language description ↓
Desde hace algunos años Luz Mary aprendió el arte de la marquetería, lo que le ha permitido generar sus propios ingresos desde su casa donde enmarca en madera, cuadros, fotografías y pinturas que sus clientes le llevan para enmarcar.

Esta emprendedora sueña con tener un local propio en el que pueda ofrecer sus servicios, por ahora necesita de un préstamo para comprar materia prima y así mejorar su servicio

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
  • 400
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Luz Mary to buy raw materials for framing pictures.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 19, 2011
Sep 5, 2011
Currency Exchange Loss:
Sep 15, 2012