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Mary Luz
Mary is 25 years old and is a very enterprising woman with a great desire to become a small businesswoman. She worked for different businesses over several years but got tired of being a subordinate and not having time for her family, so she resigned. Now she is full of dreams which she wants to make a reality and is asking for a loan so she can start her own business selling liquor in small and large quantities. She will use the money to buy merchandise and a motorcycle so that she can offer home deliveries to her customers.

She expects her business plan to become a reality on approval of this loan.
View original language description ↓
Mary de 25 años de edad, es una emprendedora y con muchos deseos de convertirse en una microempresaria, trabajó por varios años en diferentes negocios del sector comercial, pero cansada de ser subordinada y de no contar con tiempo para dedicarle a su familia, decidió renunciar. Hoy se encuentra llena de sueños, los cuales desea convertir en realidad, por lo cual se encuentra solicitando un crédito para la creación de su propio negocio dedicado a la venta de licor al detal y al por mayor. El dinero será invertido en la compra de mercancía y una motocicleta con el fin de ofrecerles a sus clientes servicio a domicilio.
Espera que su proyecto de negocio se convertirá en una realidad con la aprobación su crédito.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 324
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $5,475 helped Mary Luz to stock her business.
98% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 23, 2013
May 12, 2013
Currency Exchange Loss: