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Wilma Estela
Wilma is noted for being a very hard-working person. She has faced some difficulties in life but she has been able to overcome them and make progress. She is a single mother and has a 17-year-old daughter.

Wilma has had to provide her daughter with a decent upbringing on her own as her daughter's father never made any financial contribution towards her upkeep. When her daughter was born, Wilma had to leave her job in a company in order to look after her. She needed to create work for herself so that she could care for her daughter as she worked. She therefore decided to set up a stationery store in her home. This business makes her the income she needs to support her household. Wilma has gradually added a greater variety of products to her store and currently sells cosmetics, clothing and costume jewelry as well. This has turned her humble stationery store into a 'miscelánea' (a small store that carries a wide variety of goods). As a result, she has gained a large number of customers. With the aim of continuing to increase the variety of merchandise that she sells in her store, Wilma would like to take out a loan which will allow her to buy costume jewelry, cosmetics and clothing. This will enable her to provide her customers with a larger variety of products.

Wilma hopes that this will increase her income significantly as she will be able to meet more of her customers' needs. She hopes to be able to provide her daughter with a better quality of life and she dreams of her daughter going to university.
View original language description ↓
Wilma es una persona que se ha caracterizado por ser muy trabajadora y a pesar de las adversidades que se le han presentado en la vida ha podido superarlas y salir adelante. Wilma es una madre cabeza de familia de 1 hija de 17 años, a quien ha tenido que brindarle un crecimiento digno ella sola, pues el padre de su hija nunca hizo alguna contribución económica para su sostenimiento. Desde el nacimiento de su hija, Wilma tuvo que dejar su empleo en una empresa para poder estar al cuidado de ella, es por esto que se vio en la necesidad de generar un empleo en el que pudiera estar al cuidado de su hija al mismo tiempo que en la atención del negocio. Es por esto que Wilma montó una papelería en la casa donde vive y gracias a esto genera los ingresos necesarios para el sostenimiento de su hogar. Wilma poco a poco ha ido sumándole variedad de productos que ofrece en su papelería, y actualmente ofrece cosméticos, prendas de vestir y bisutería, lo que ha hecho que pase de ser una simple papelería a ser una miscelánea; gracias a esto ha podido captar una mayor cantidad de clientes. Con el ánimo de seguir aumentando la variedad de mercancía que ofrece en su miscelánea, Wilma aspira a que un préstamo le brinde la oportunidad de acceder a la compra de productos de bisutería, cosméticos y prendas de vestir, y poder así ofrecer mayor variedad de productos a sus clientes.

Wilma espera que de esta manera sus ingresos aumenten considerablemente, pues podrá atender más necesidades de sus clientes. Wilma espera poder ofrecerle una mejor calidad de vida a su hija y sueña con que pueda ingresar a una educación universitaria.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Wilma Estela to buy costume jewelry, cosmetics and clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014