A loan of $1,075 helped to pay for the spot where she works.

Vilma Rosa's story

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.

Translated from Spanish by Kiva volunteer Linda Oxnard

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