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Luz Dary
Luz, 37, is the mother of two children and separated. In light of the financial responsibility that rested on her after she broke up with her husband, she decided to look for a way to generate income on her own.

She took sewing classes and currently has a small workshop in her house where she makes clothing for other people, mends, and also makes crafts and does embroidery. She has done this work for approximately 10 years and with it she generates income to cover the basic household necessities and pay for her children's studies.

Luz is a hardworking and thriving woman who's dedicated to her children and strives for them every day.

Currently she's requesting the support of a second loan cycle to invest in buying three sewing machines (one serger and two flat machines) to facilitate her work.

She'll improve her working conditions and be able to increase her production and deliver her orders in a timely fashion, which will result in an increase in her income. This helps her to advance, expand her business, and in the future be able to realize her dream of having her own line of athletic clothing. Her economic stability will increase and she'll have the possibility of getting her own house and giving her children better living conditions and greater well-being.
View original language description ↓
Luz tiene 37 años de edad, es madre de dos hijos y es separada. En vista de que la carga económica recayó sobre ella luego de terminar la relación con su esposo, decidió buscar la manera de generar ingresos por cuenta propia, por lo que tomó cursos de confección y actualmente tiene una pequeño taller en la casa donde vive, allí ofrece el servicio de confección a terceros, hace arreglos de modistería y además hace manualidades y bordados, esta actividad la realiza desde hace aproximadamente 10 años y es así como genera ingresos para solventar las necesidades básicas de su hogar y para pagar el estudio de sus hijos. Luz es una mujer trabajadora, pujante y dedicada a sus hijos por quien lucha día a día.
Actualmente solicita el apoyo de un segundo ciclo crediticio para invertirlo en la compra de 3 máquinas (1 fileteadora y 2 planas) con lo que facilitará su labor, mejorará las condiciones de trabajo, podrá incrementar su producción y entregar los pedidos de forma oportuna, lo que se verá reflejado en el incremento de sus ingresos. Esto le ayuda a avanzar, hacer crecer su negocio y en un futuro poder cumplir el sueño de tener una línea propia de ropa deportiva, con lo que aumentará su estabilidad económica y tendrá la posibilidad de adquirir una casa propia para brindar mejores condiciones de vida y un mejor bienestar a sus hijos.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,869.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Luz Dary to buy three sewing machines.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Aug 13, 2013
Currency Exchange Loss:
Nov 17, 2014