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Update on Vilma

Vilma, 42, is single and has four children, ages 11, 20, 22, and 23. Only the youngest one is in school. The rest are working. She started her business after separating from the father of her children. She had to move from one region to a town in Chinandega in search of work. She needed to support her children, since she was a single mother with no support from anybody and due to her children, she was unable to find work. But with the help of a good samaritan who gathered corn and offered her this product on credit, she started her tortilla business. With time, she was able to start another small business - selling clothing as a street vendor. Now she has been in this business for 13 years. Even though she was not able to help her children with their professional studies, they finished secondary school and learned to work for themselves. This is not the first time she has asked for credit through our institution. She has an excellent credit record, because she has been very determined. This investment will help her have the necessary ingredients to make her tortillas and invest capital in her clothing sales business. Her dream for her business is to have this source of income for a long time, and to help her child who still lives with her with his professional studies. The loan is to buy corn, bags, lime, firewood, children's clothing, shoes, socks, and camisoles among other things. Vilma is grateful for the help given to small businesses with few resources and poor countries like Nicaragua.
View original language description ↓
Vilma tiene 42 años, soltera con cuatro hijos de 11,20,22 y 23 años de edad solo el más pequeño estudia los demás trabajan, ella inicia su negocio a partir de la separación del padre de sus hijos, tuvo que emigrar de una comarca a un municipio de Chinandega en busca de trabajo para mantener sus hijos porque era madre soltera y sin apoyo de nadie y por la carga de sus hijos no pudo encontrar trabajo pero con ayuda de una buena samaritana que acopiaba maíz le ofreció dicho producto al crédito con el que inicia su negocio de tortillería y con el tiempo puede realizar otro pequeño negocio como es la venta de ropa de manera ambulante y actualmente tiene 13 años de dedicarse al negocio y aunque no ha podido darle estudios profesionales a sus hijos pero son bachilleres y ellos aprendieron a trabajar por si solos, no es la primera vez que ella solicita crédito a nuestra institución tiene un excelente record crediticio ya que ha sido muy luchadora. Esta inversión será una gran ayuda para tener los productos necesarios para la elaboración de sus tortillas e inyectar capital a su venta de ropa. Las aspiraciones son con respecto a su trabajo es contar con esta fuente de ingreso por vario tiempo, para lograr darle estudios profesionales a su hijo que aún está a su cargo. El financiamiento es para la compra de maíz, bolsas, cal y leña, ropa de niños, zapatos, calcetas, camisolines entre otros productos más. Vilma agradece la ayuda que le brindan a los pequeños comerciantes de escasos recursos y países pobre como es Nicaragua

Previous Loan Details

Vilma is 41 years old and devoted to selling tortillas and new clothing. This is not the first time she has applied for credit since has been extremely pleased with the loans. She has four children, but only two are still dependents. Vilma has always been a determined woman. This investmen... More from Vilma's previous loan »

Additional Information

Fundación Leon 2000

This 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.

About Nicaragua

  • $4,800
    Average annual income
  • 41
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Vilma to buy ingredients for her tortilla business, and to buy merchandise like children's clothing, shoes, camisoles, and skirts among other things.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 7, 2013
Feb 19, 2013
Currency Exchange Loss:
Nov 17, 2013