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Vilma Rosa
Vilma O. C. is 53 years old and her business is selling men's, women's and children's clothes from a spot in the center of Barranquilla, in an area that is has a lot of foot traffic. Vilma started her business 16 years ago when she arrived in the city of Barranquilla from the town of Fundación, in Magdalena department as her son wanted to enter university to continue his studies. Vilma decided to sell sheets and towels that a lot of acquaintances ordered and she offered her goods on credit. Over time, she expanded her inventory and added other merchandise such as socks, children's outfits and men's, women's and children's underwear. However, she has always been supported by her husband in all her projects in life and this inspires her to keep going.

Vilma approached Fundación Leon 2000 to request her first loan as she would like to achieve her dream of owning a business where she doesn't pay rent. For this reason, she will use her Kiva loan, which is also her first loan, to pay for the spot where she sells her merchandise and which she doesn't currently own. She tells us that her investment will be very successful because she won't have to pay rent for her spot and this will help her to reduce the price of her products and she will reach a larger volume of competitive sales. It will also give her the personal satisfaction of making progress in her growth as a businesswoman.
View original language description ↓
Vilma O. C., tiene 53 años de edad y se dedica a la comercialización de ropa interior para damas, caballeros y para niños, en un puesto comercial que queda en el centro de Barranquilla, un lugar bien concurrido por peatones. El negocio de Vilma inició hace 16 años, cuando llegó a la ciudad de Barranquilla, procedente del municipio de Fundación en el departamento del Magdalena, pues su hijo requería ingresar a la universidad para continuar sus estudios y a Vilma se le ocurrió vender sabanas y toallas encargadas por muchos conocidos, a los cuales otorgaba crédito. Con el paso del tiempo fue ampliando su inventario y agregó otras mercancías, como calcetines, conjuntos de niños y ropa interior para damas, caballeros e infantil, pero eso si siempre ha sido apoyada por su esposo en sus proyectos de vida y esto la inspira a seguir adelante.
Vilma se acercó a la Fundación a tramitar su primer financiamiento, pues quiere cumplir su sueño de tener un negocio donde no pague arriendo, por eso con su credikiva que también es su primer crédito, comprará la prima del puesto comercial en el que se encuentra vendiendo mercancías y que en la actualidad no es de su propiedad ; ella argumenta que su inversión tendrá mucho éxito porque no tendrá que pagar arriendo por el espacio locativo y esto la ayudará a disminuir los precios de sus productos y alcanzar un mayor volumen de ventas competitivas y a nivel personal la satisfacción de avanzar en su crecimiento empresarial.


Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 503
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Vilma Rosa to pay for the spot where she works.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 23, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012