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Sara Biviana

Update on Sara Biviana

Sara Bibiana is 55 years old, married, with seven adult children who live on their own. She lives in Chinandega province, which is known as a productive commercial area. She sells new and used clothes and shoes. She has been doing this for the past 26 years. She works ten hours a day, from 8am until 6pm. She sells her merchandise to her usual customers door to door. She began this business a long time ago in order to help her husband with household expenses. Her children were young and they needed her help. Sara has been working with the Leon Foundation since the year 2000 and she has always paid back her loans on time. With this loan she will buy merchandise in order to provide a greater variety of goods for her small business. This will help her meet her customer’s demands. She will have better sales. She is thankful for the help that KIVA provides to small businesspeople with scant resources and to poor countries like Nicaragua.
View original language description ↓
Sara Bibiana de 55 años de edad, casada con 7 hijos todos adultos e independiente. Ella pertenece al departamento de Chinandega, lugar que se caracteriza por ser una zona muy productiva comercialmente. El negocio es la venta de ropa nueva y segunda mano, calzado nuevo y segunda mano. El tiempo de tener el negocio 26 años. La rutina diaria de Sara Bibiana es trabajar unas 10 horas diaria desde la 8 : am a las 6 pm lo cual distribuye su mercadería a sus clientes fijos y eventuales de forma ambulante. El negocio lo inicio hace muchos años como iniciativa propia para ayudar a su esposo con los gastos del hogar ya que sus hijos en ese momento estaban pequeños y necesitaban de su ayuda. Hoy en día están formados y la carga familiar es más leve. Sara ya ha trabajado con fundación león 2000 Y ha demostrado ser buena paga en tiempo y forma. Con el financiamiento comprara mercadería para surtir su pequeño negocio y satisfacer la demanda de sus clientes, y aprovechar las ventas y obtener mayores utilidades. Sara Bibiana agradece la ayuda de los inversionistas kiva a los pequeños comerciantes de escasos recursos y países pobre como es Nicaragua.

Previous Loan Details

Sara Biviana is 54 years old and buys and sells clothing and has a large number of customers who solicit a large variety of products. She is a very charismatic person who enjoys her work and has been a merchant since she was young and has had to make an effort to support her seven children. Now... More from Sara Biviana'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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Sara Biviana to provide a greater variety of products for her small business such as new and second hand clothes and shoes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Sep 27, 2012
Currency Exchange Loss:
Jan 19, 2014
This photo was used before for a previous loan for Sara Biviana. It was first posted on Kiva on Aug, 2011. Learn More