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Bibiana Frank

Update on Bibiana Frank

Bibiana, 56, is married with five adult children; she’s from Chinandega, a place located in the west of the country. Her economic activity is leasing plastic chairs; she leases them out for all types of social events. She’s been in business for 15 years and it’s located at home. Bibiana’s daily routine is to work about 10 hours. The objective of the loan is to invest in working capital and to buy more chairs that are being sold to her at a good price to meet customer demand. The business arose because she needed to have a way to earn household income in a dignified way. Currently, it’s become her and her children’s means of support. Bibiana is grateful for the help Kiva lenders provide people of scarce resources and to poor countries like Nicaragua to have dignifies sources of employment.
View original language description ↓
Bibiana de 56 años de edad, casada con 5 hijos mayores de edad, de la localidad de Chinandega, Lugar que está ubicado en la zona de occidente del país tiene por actividad económica el servicio de alquiler de sillas plásticas, que consiste en alquiler de sillas para todo tipo de eventos. Tiene 15 años de tener el negocio el cual lo tiene ubicado en su casa de habitación. La rutina diaria de Bibiana es trabajar unas 10 horas diarias el objetivo del préstamo es invertir en capital de trabajo y comprar más sillas el cual se las están vendiendo a buen precio, para satisfacer la demanda de sus clientes. El negocio surgió por la necesidad de tener un medio de trabajo digno para ayudar con los gastos del hogar. En la actualidad ha sido su medio de vida y de sus hijos. Bibiana agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Bibiana Frank is 53 years old, married, and has five children who live independently. She is in the business of buying and selling silver which she distributes as a street vendor and also from her home. She has been in this business for 7 years. She started this business with a very small amount of… More from Bibiana Frank'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

  • $3,636
    Average annual income
  • 58
    View loans »
    Nicaragua Loans Fundraising
  • $23,427,950
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Bibiana Frank to buy plastic chairs to lease for events.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014