Los Sequeira Group
Update on Los Sequeira GroupThe solidarity group is composed of five successful professional members, coordinated by María who is 46 years old, and married with three children. She owns a small convenience store in her home and is requesting a loan to buy rice, beans, oil, sugar, bread, snacks, Palmolive brand soap, Xtra brand soap, dish soap, disinfectants and more.
The other members are: María, who is 42, and buys and sells harvests, Lisbeth, who is 29 and sells tamales in the busiest market in the capital, José, who is 52 and owns a convenience store in his home, and José Luis, who is 34 and buys and sells harvests.
Previous Loan DetailsThis group is composed of five hardworking and persistent partners. One of them is Maria, 46, who is in a relationship. She has had her grocery store for 10 years and has been a client of this institution of 9 months. She is applying for a loan to buy a sack of rice, candles, tote bags, paper tow... More from Los Sequeira Group's previous loan »
About ADIMLocated 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.
This is a Group Loan
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- Repayment Term
- 11 months (Additional Information)
- Repayment Schedule
- Apr 24, 2014
- May 22, 2014
- Currency Exchange Loss:
- Jun 21, 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.