Update on Vilma CordeliaVilma is 41 years old, married, and has four children of the ages 15, 17, 19, and 20. Three of her children attend school and the other works. Vilma is a woman who has worked her life in order to get ahead. This is not the first time that she has worked with Fundación; in her previous loans, she has demonstrated herself to be a responsible person who complied with her payments.
She owns a small grocery store which is located in her home where she sells basic grains, cosmetics, clothing, frozen foods, sweets, and other products. Vilma is very grateful for the help that the Kiva lenders provide to people of limited resources and poor countries such as Nicaragua in order to have a means of dignified work.
Previous Loan DetailsHard working Vilma Cordelia is an enterprising woman who has worked her whole life in order to get ahead. She has been working with Fundacion León since 2000 and has demonstrated throughout her credit history that she is a responsible person with the desire to excel in her business. She has goals... More from Vilma Cordelia's previous loan »
Fundación Leon 2000This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid