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Vilma E. R. is 45 years old, a widow with 5 children - 3 minors and 2 adults. She is a native of Bluefields and sells diary products such as cheese, cream and milk curd. To do this, she travels every 10 days to the department of Chontales in Nicaragua, where these products are produced and then she delivers them to some of the general stores in the city. She has been doing this for more than 15 years and with her income has supported her five children. However, she has to purchase the products on short-term credit, which has not enabled her to develop her business. She is asking for a loan to be able to buy 300 pounds of cheese at US $0.90 per pound, 250 pounds of cream at US $.080 per pound and 100 units of curd at US $.090 per unit.

Translated from Spanish by Molly Puglisi, Kiva volunteer.

Vilma E. R. tiene 45 años de edad, es viuda con 5 hijos tres menores de edad y 2 adultos, es originaria de Bluefields y se dedica a la venta de productos lacteos como queso, crema y cuajadas. Para tal fin viaja cada 10 dias a Chontales departamento de Nicaragua donde se producen estos productos y los entrega en algunas pulperias de esta ciudad. Esta señora se dedica a este negocio desde hace mas de 15 años y con sus ingresos a mantenido a sus cinco hijos. Sin embargo la compra de este producto lo obtiene al credito y en un lapso de tiempo corto por lo que no le a permitido desarrollarse como microempresaria. Esta solicitando un credito para poder comprar 300 libras de queso a US$ 0.90 dolares cada libra, 250 libras de crema a US$ 0.80 dolares cada libra y 100 cuajadas a US$ 0.90 cada unidad de cuajada.

Additional Information

Important Information

Please note that Kiva considers loans from this Field Partner, ADEPHCA, to be particularly high risk. This organization is very small and started working with Kiva before certain core risk and due diligence policies were put into place. ADEPHCA organization would not fit under Kiva’s current partnerships criteria because they do not have any audited financial statements, they do not have established internal controls, and they currently have no other sources of funding than Kiva. Kiva continues to allow ADEPHCA to raise funds on the website for two reasons. First, if Kiva were to abruptly end the partnership we believe there would be a higher risk of loss for lenders, since cutting off the Kiva funding source would put ADEPHCA in a financially distressed position. In addition, since ADEPHCA provides loans in some of the poorest and most remote areas of Nicaragua where there are almost no other options for funding, we believe these loans could still be of interest to lenders even considering the increased risk.

About Nicaragua

  • $4,800
    Average annual income
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,049,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $575 helped Vilma buy 300 pounds of cheese, 250 pounds of cream and milk curd.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 20, 2008
Apr 6, 2008
Currency Exchange Loss:
May 15, 2009