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Seily Ivonett

Update on Seily Ivonett

Seily Ivonett is a hardworking and entrepreneurial woman. She has had an eatery for 10 years. She started with little and through loans has been able to grow. Currently she has 9 employees and her goal is to have a restaurant.

The loan will be used to increase the business primarily through display cases and products.
View original language description ↓
Seily Ivonett es una mujer trabajadora y emprendedora quien tiene una comideria desde hace 10 años. Este negocio lo inicio con poco y por medio de los prestamos fue creciendo actualmente cuenta con 9 trabajadores y su meta es tener un restaurante.
El crédito invertirá en ampliación del negocio principalmente en exhibidores y productos.

Previous Loan Details

Sely is a hardworking entrepreneurial woman who sells food. She started this business 15 years ago and has been improving it little by little. She now has six employees and her sales have increased. She will use the money from this loan to buy basic grains (rice, beans, cooking oil), meat, chi... More from Seily Ivonett's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Seily Ivonett to buy shelves and ingredients (basic grains, meat, etc).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013