Update on Sara ElizabethSara is 27 years old, single, with no children. She is originally from Managua, a city situated in the center of the country. She sells cosmetics, a business she started five years ago, out of the necessity of having work and making money. She enjoys spending time with her family in her spare time, enjoying some of the traditional dishes of the region like Nacatamal. Unfortunately, due to the lack of money she could not study for a career. She had to work from a young age to help pay the household expenses.
Thanks to her effort and desire to get ahead, Sara has a business selling cosmetics such as lipstick, blush, eye-shadow, eye-liner, body cream, lotion, make-up remover and acetone nail polish. She has requested this loan to invest in working capital and stock her business so that in the near future she will make more revenue. Sara is grateful for the support Kiva lenders offer people of limited resources in poor countries like Nicaragua, so they can have a dignified livelihood.
Gracia a su esfuerzo y sus ganas de salir adelante tiene por actividad económico al venta de cosméticos como labiales, rubor, sombras, lápiz de ojos, cremas de cuerpos, body, desmaquilladoras, pinturas de uñas acetonas. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio para que en un futuro no muy lejano pueda obtener mejores ingresos. Sara agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.
Previous Loan DetailsSara is 26 years old; she is single and doesn't have children. She works selling cosmetic products, a business that she started 4 years ago, and came up to help with the need to have a job and a source of income, since she was going through a crisis because of her mother's illness; she had been… More from Sara Elizabeth's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 23, 2013
- Aug 23, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.