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Luz Elena
Luz Elena has overcome the great adversities that life has presented her largely because she loves her work. Being the single mother of one child and head of the household, Luz Elena must be dedicated and persevering. She is always seeking ways to generate more income through her work so that she can offer her child a better quality of life. Previously, she was a machine operator for a tailoring company. Due to the low pay she earned, she decided to open her own business, where she offers tailoring to others and occasionally produces her own fashion designs.

She employs another person in her workshop, which allows her to improve the living conditions for other people in her home and makes her proud. With the intention of growing her business, Luz Elena is seeking a loan which will allow her to purchase an industrial sewing machine and the tailoring supplies she needs for her workshop. In this way, Luz Elena hopes to keep growing her business and creating jobs. She also hopes to generate more income so that her child can enjoy a better life and more financial stability.
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Luz Elena es una persona que gracias a su amor por el trabajo ha podido superar grandes adversidades que le ha presentado la vida. Madre soltera cabeza de familia de 1 hijo hacen que Luz Elena sea una persona muy comprometida y luchadora que siempre busca en su trabajo la manera de generar ingresos con los que pueda ofrecer a su hijo una buena calidad de vida. Anteriormente, trabajaba como operaria en una empresa de confecciones, pero por el mal pago que recibía decidió montar su propio negocio donde actualmente ofrece el servicio de confección a terceros y esporádicamente comienza a sacar su línea propia de confecciones. En su taller genera 1 empleo directo y esto hace que le permita mejorar la calidad de vida a personas diferentes de su hogar, y esto la enorgullece. Con el ánimo de seguir creciendo con su taller, Luz Elena busca que un préstamo le brinde la oportunidad de acceder a la compra de una máquina industrial para la confección y la compra de insumos que requiere para la confección en su taller.

De esta manera Luz Elena espera seguir creciendo y seguir generando puestos de trabajo en su taller, además de seguir generando ingresos con los cuales su hijo pueda gozar de una mejor calidad de vida y una mejor estabilidad económica.

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
  • 239
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Luz Elena to buy an industrial sewing machine and the tailoring supplies she needs for her workshop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 9, 2012
Currency Exchange Loss:
Aug 19, 2013