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Update on Vilma

Thank you for supporting Vilma who used her Kiva loan to increase her working capital. She was able to have funds sufficient to fill her customer orders. The number of her customers increased as well as her sales and profits which gave Vilma much satisfaction because her family income is improving. She says to her lenders: “I’m very grateful for the economic support received; I hope to continue receiving it.”

She’s currently applying for a new Kiva loan to buy shoes, perfumery and cosmetics because the second semester of the year has arrived and sales usually increase at this time. Because her clientele is regular, they start placing orders and recommending new buyers to her and this is precisely the success of her Kiva loan.
View original language description ↓
Gracias por apoyar a Vilma quien con su credikiva aumentó su capital de trabajo, pudo tener un fondo de efectivo para atender los pedidos de su clientela. Su clientes aumentaron, así como también sus ventas y utilidades lo cual dio una gran satisfacción a Vilma, porque sus ingreso familiares están mejorando. Ella dice a sus financiadores que está: “Muy agradecida por el apoyo económico recibido; aspiro a seguir recibiéndolo”. En la actualidad está aplicando aun nuevo financiamiento, mediante Kiva, con el cual comprará calzado, perfumería y cosméticos, pues ya llegó el segundo semestre del año y con ello el usual ascenso de sus ventas, porque su clientela fija empieza a solicitar pedidos y a recomendarle nuevos compradores y esto es justamente el éxito e su credikiva.

Previous Loan Details

Vilma C., aged 43, is a cheerful and hard-working entrepreneur, who sells clothes, footwear, cosmetics, silverware and catalog products. She manages to generate enough income to provide for her two children, with whom she lives in the neighborhood "La ciudadela 20 de Julio". This neighborhood is ... More from Vilma's previous loan »

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

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 Colombia

  • $11,100
    Average annual income
  • 279
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,918.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,825 helped Vilma to buy shoes, perfumery and cosmetics.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 5, 2013
Currency Exchange Loss:
Aug 4, 2013