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Luz Aira
Luz is a young woman of 23 years of age, to whom life has taught many important lessons. She is a single mom of a 1-year-old son, for whom she works hard each day. She hopes to provide him with a better future. The child's father does not keep up with his responsibilities, so Luz has to be a mother and a father at the same time. She worked for over five years in garment-making companies in the city of Medellín. However, six months ago, she decided to invest her savings and open a video game shop in order to spend more time with her child and achieve her dream of owning her own business.

Luz is happy that her dreams are beginning to come true and she is hopeful that her financial difficulties will become a thing of the past. Currently, she is requesting a loan in order to buy another video game so that her business will offer more of a variety and her income will increase.
View original language description ↓
Luz es una joven de 23 años, a la que la vida le ha enseñado grandes lecciones. Es madre soltera de un hijo de 1 año de edad, por el cual se esfuerza a fin de brindarle un mejor futuro. El padre nunca respondió por sus deberes, así que esta mujer le ha tocado ser madre y padre al mismo tiempo.
Laboró por más de 5 años como operaria en varios talleres de confección de la ciudad de Medellín. Desde hace seis meses decidió invertir sus ahorros en la adecuación de un local de video juegos, con el propósito de pasar más tiempo con su hijo y comenzar con su gran sueño de crear empresa.
Hoy se siente feliz porque sus deseos comienzan a materializarse y siente que sus dificultades económicas pronto serán erradicadas de su vida.
En la actualidad se encuentra en búsqueda de un crédito que invertirá en la compra de una máquina tragamonedas con el fin de ofrecer más variedad en su negocio y aumentar sus ingresos.

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
  • 309
    View loans »
    Colombia Loans Fundraising
  • $18,193,150
    Funds lent in using Kiva
  • 1,791.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Luz Aira to buy an arcade game.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 28, 2013
Mar 1, 2013
Currency Exchange Loss:
Apr 17, 2014