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Luz Dary
Luz, 42, lives in a common-law marriage and has no children. She has worked with different activities and received an income from them. She is now selling fruits in a school located in front of her house. She also sells lunches, which has helped her to generate the income she needs to contribute to the home expenses.

Luz is a hardworking woman that fights every day to get ahead. This is why she decided to request a loan to buy kitchen utensils (pots, knives, ladles) and supplies (meat, grains, rice, fruits) in order to be able to prepare her foods and have enough products to satisfy her customers’ demands. This way, her income will increase and she will take one more step toward the fulfillment of her dream, which is to open a big restaurant in her own establishment and with a good reputation. This would give her the opportunity to get ahead, have a more stable economy at home and to have a better quality of life.
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Luz, a sus 42 años de edad vive en unión libre con su pareja y no tiene hijos. Ha tenido experiencia en diversas labores que en determinado momento le han generado ingresos. Actualmente se dedica a vender frutas en un colegio ubicado frente a su casa, adicionalmente también vende almuerzos, actividad con la cual ha obtenido los recursos necesarios para aportar al sostenimiento de su hogar. Luz es una mujer luchadora y cada día se esfuerza para salir adelante, por eso se motiva para solicitar el crédito con el fin de invertirlo en la compra de utensilios de cocina (ollas, cuchillos, cucharones) e insumos (carne, granos, arroz, frutas) con el fin de facilitar la elaboración de los almuerzos y tener disponibilidad de productos para satisfacer las necesidades y gustos de sus clientes, de esta forma podrá incrementar sus ingresos y avanzar un paso más hacia el cumplimiento de su principal sueño, que es montar un restaurante grande, en un local propio y bien acreditado para que le brinde la oportunidad de salir adelante, mejorando la estabilidad económica en su hogar y le permita tener una mejor calidad de vida.

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 242
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,884.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Luz Dary to buy kitchen utensils and ingredients for her preparations.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 31, 2013
Currency Exchange Loss:
Mar 17, 2016