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Holman

Update on Holman

Holman is a microbusinessman, an entrepreneurial man of 39. He is married, with four young children. His business is agriculture, and he has five years of experience working in this activity. In addition, he has a job as supervisor at a restaurant in his town. He will invest the loan in the purchase of improved seeds, preparing the land, compost, renting the land, pesticides, etc.
View original language description ↓
Holman es microempresario emprendedor hombre de 39 años de edad, casado, con cuatro hijos todos menores, su negocio es la agricultura lo cual tiene cinco años de dedicarse a esa actividad, además tiene un empleo como supervisor en un restaurante en su localidad, el crédito lo invertirá en la compra de semillas mejorada, preparación del terreno, abono, alquiler de la tierra, pesticidas etc.

Previous Loan Details

Holman is a farmer. He learned this activity when he was very young. He will invest the loan in growing tomatoes and in improving his greenhouse. He is married and has four children, aged 14, 12, 8 and 6. They are in school. More from Holman'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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,000 helped Holman to buy improved seeds, prepare the land, buy fertilizer, rent the land, buy pesticides, etc.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 5, 2013