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Luz Andrea
Luz, 33, is married and has one child. During her working life, she has been involved in the field of sales, initially in a clothing store where she learned to do this activity. In the spirit of independence and to generate better revenues, she decided to start her own business with her severance pay and her own personal savings. It is a store where she sells army apparel and an assortment of other items such as toys, decorative items for the home, accessories, and more. She currently requested our support to buy an assortment of wholesale merchandise (toys, clothes, accessories, and more) so she can stock enough to meet demand increases during the Christmas season, directly benefiting her earnings to allow her to cover the basic needs of her family. Luz's main desire is to own her own establishment that allows her to save money and improve profitability to ensure financial stability to enable her to provide a better education for her child to have a prosperous and success future.
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Luz, a sus 33 años de edad, es casada y madre de 1 hijo. Durante su vida productiva se ha desempeñado en el campo de las ventas, inicialmente en un almacén de ropa donde aprendió la actividad, pero con el ánimo de independizarse y generar mejores ingresos decidió montar su propio negocio con la liquidación y algunos ahorros personales; es un almacén donde vende ropa de combate y variedades como juguetes, artículos decorativos para el hogar, accesorios, entre otros. Actualmente solicita nuestro apoyo para comprar surtido de mercancía al por mayor (juguetes, ropa, accesorios, entre otros), así podrá abastecerse lo suficiente para satisfacer la demanda que se incrementa en la temporada de navidad, beneficiando directamente la entrada de recursos económicos para solventar las necesidades básicas de su familia. El principal anhelo de Luz es poder tener un local propio que le permita ahorrar dinero y mejorar la rentabilidad para garantizar una estabilidad económica que le permita brindar una mejor educación a su hijo para que tenga un futuro más próspero y exitoso.

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
  • 316
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,931.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Luz Andrea to purchase an assortment of wholesale merchandise such as toys, clothing, accessories, and others.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Dec 3, 2013
Currency Exchange Loss:
Nov 17, 2014