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Luz Amparo
Luz Amparo is married and has two children who are 9 and 11 years old. As the income her husband makes is not enough to cover their household expenses, five years ago she decided to start her own business growing coffee in order to make income and contribute financially to the household. Thanks to her efforts she is now an important coffee grower and is known for the very good quality of her produce. In addition, her family's financial situation has improved considerably, allowing her two children and husband to enjoy a better quality of life. The great difficulty she faces right now is that the weather has damaged her crops and she lacks the capital she needs to re-fertilize them. For this reason, she is looking for a loan which will allow her to buy fertilizers, insecticides and fungicides to revive her crops and deal with the difficult weather conditions. This will enable her to grow good-quality crops and make income for her household so that her children can continue receiving a good education and enjoy better financial opportunities to make progress.
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Luz Amparo se encuentra casada y tiene 2 hijos de 9 y 11 años de edad, y debido a que los ingresos que genera su esposo no son suficientes para el sostenimiento de los gastos de su hogar, desde hace 5 años decidió iniciar su propio negocio de cultivo de café con el cual pudiera generar ingresos para contribuir económicamente en su hogar. Gracias a su esfuerzo ahora su cultivo es un gran cultivo de café que es reconocido por tener muy buena calidad en sus productos, y también gracias a este la condición económica de su familia ha mejorado considerablemente, permitiendo que sus 2 hijos y su esposo tengan una mejor calidad de vida. La gran dificultad que está afrontando en estos momentos es el clima que ha deteriorado sus cultivos, y la falta de capital para poder reabonar sus cultivos; es por esto que ahora busca un préstamo que le permita comprar abonos, insecticidas y fungicidas para recuperar su cultivo y afrontar las fuertes condiciones climáticas.

De esta manera logrará sacar productos de buena calidad y podrá tener en su hogar los ingresos que este le genera, de tal forma que sus hijos puedan seguir accediendo a una educación de buena calidad y mejores oportunidades económicas para progresar.

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
  • 300
    View loans »
    Colombia Loans Fundraising
  • $17,938,050
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Luz Amparo to buy fertilizers, insecticides and fungicides to revive her crops and deal with the difficult weather conditions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 15, 2012
Jul 10, 2012
Currency Exchange Loss:
Jun 20, 2013