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Sara Biviana

Update on Sara Biviana

Sara Biviana is an older married woman who has seven children who live on their own. She's from the town of Chinandega, located in the western part of the country.

Sara's known for being an enterprising, responsible, and hardworking woman who very much wants to improve herself personally and professionally. This small businesswoman makes a living selling used and new clothing: pants, shoes, skirts, t-shirts, dresses, socks, and shorts. She carries out her business on foot and at home, selling products to steady customers for cash and credit, which she collects biweekly. Sara begins her work day very early and finishes at the end of the afternoon.

The goal of this new loan is to strengthen her working capital with a quality purchase of bundles of clothing and new clothing such as shoes and a variety of styles of outfits for men, women, and children. This way Sara will make the most of the major sales in the month of December, because she has several customer requests.

Sara's grateful for the support that Kiva lenders give to low-income people. One of her dreams is to be able to improve her home; she also wants to expand her business more.
View original language description ↓
Sara Biviana mayor de edad casada con siete hijos todos independientes, originaria del municipio de chinandega, ubicado en el occidente del país, se caracteriza por ser una mujer emprendedora, responsable, trabajadora con muchos deseos de superación personal como laboral, esta microempresaria se dedica a la compra venta de ropa usada y nueva como: pantalones, zapatos, faldas, camisetas, vestidos, calcetines, short, negocio el cual lo desempeña de forma ambulante y en su domicilio, ofrece sus productos al contado y al crédito a clientes fijos los cuales recupera quincenalmente su inversión, su jornada diaria empieza desde muy temprano finalizando al caer la tarde, uno de sus sueños es poder mejorar sus casa de habitación, al igual que incrementar mas su negocio, el objetivo de este nuevo financiamiento es para reforzar su capital de trabajo en la compra de calidad de pacas de ropa y ropa nueva como: zapatos, variedades estilos de ropa en trajes para niños, damas y caballero y de esa manera aprovechar las ventas en este mes de diciembre que son mayores los cuales ya cuenta con varios pedidos de sus clientes. Sara agradece mucho el apoyo que los inversionistas kivas les ofrece a personas de bajos recursos económicos.-

Previous Loan Details

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… 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.

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About Nicaragua

  • $3,636
    Average annual income
  • 164
    View loans »
    Nicaragua Loans Fundraising
  • $23,187,275
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Sara Biviana to buy bundles of high-quality clothing and new clothing.
73% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible