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Alia Saturnina

Update on Alia Saturnina

Alia Saturnino, 45, is a single mother with 3 children aged 20, 21 and 11. The two youngest are in school, and the oldest has already graduated. Alia has had a business making tortillas and selling new clothing for 8 years. She sells tortillas from her house in the morning, and in the afternoons she goes out to sell clothing from place to place to her regular and occasional customers. She started in business because she needed to have a source of income to support her children and get ahead with them. Alia is a very hardworking woman, who has demonstrated responsibility with her payments in previous loans. She needs a loan to invest in working capital and to buy raw materials and supplies to make tortillas, such as: corn, firewood, lime, a tortilla griddle, and plastic bags. Alia Saturnina is grateful for the help that the Kiva lenders are providing to people of limited resources in poor countries like Nicaragua, so that they can have a means to a decent life.
View original language description ↓
Alias Saturnino de 45 anos de edad, madre soltera con tres hijos de 20, 21,11 anos de edad. De los cuales los dos menores están estudiando, el mayor ya se graduó. Alias tiene por actividad económica la elaboración de tortillas y venta de ropa nueva desde hace 8 anos que se dedica a dicha actividad. El negocio de las tortillas la vende por la mañana en su domicilio y venta de ropa de forma ambulante por la tarde a sus clientes fijos y eventuales. El negocio surgió por la necesidad de tener una fuente de trabajo para darle el sustento a sus hijos y pode sacarle adelante, Alias es una mujer muy trabajadora, responsable buena paga lo cual ha demostrado en sus créditos anteriores. EL financiamiento lo necesita para invertir en capital de trabajo y comprar matera prima para la elaboración de las tortillas como maíz, leña, cal, comal, bolsas plásticas. Alias Saturnina agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Alia Saturnina, 44, has a son under her care. She is an itinerant clothing and tortilla merchant although some of her customers who know her come by her house to buy her products. She started 6 years ago due to the lack of employment opportunities and her need to have a source of income to... More from Alia Saturnina'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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,823,475
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Alia Saturnina to buy raw materials and supplies to make tortillas, such as: corn, firewood, lime, a griddle and plastic bags.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013