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El Mamon Group
In this Group: Filena, María, Modesta
The 'El Mamón' group is made up of three hard-working, entrepreneurial people. One of them is Filena, who has had a shoe workshop for 12 years. She used to work for years in a shoe workshop and then decided to set up her own workshop together with her husband. She will invest her loan in buying soles, adhesive, cardboard, etc.

The other members of this group are María Petrona, who has a grocery store and will invest in buying basic grains, sodas and chicken, and Modesta, who has been selling pillow cases and bedspreads for 15 years.
View original language description ↓
El grupo el mamón lo conforman tres personas trabajadoras y emprendedoras una de ellas es Filena quien tiene un taller de calzado desde hace 12 años. Ella primeramente trabajo durante años en taller de calzado y luego decidió iniciar con su propio taller junto con su esposo. El crédito invertirá en galleta, brazil, suela, pega, cartón…etc.
Ella logro con los créditos una de ellas es María Petrona quien tiene una pulpería e invertirá en granos básicos, gaseosas y pollo, y Modesta quien desde hace 15 años vende almohadas y cobertores.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,502,375
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Mamon Group's $1,125 loan helped a member to buy soles, adhesive, cardboard, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012