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El Mamon Group
In this Group: Filena, María, Modesta

Update on El Mamon Group

Filena is one of three enterprising members who are fighters. She is 45 years old, married and has a minor child. Her business has been a cobbler's shop in her house for 12 years. She has been a client of the institution for 4 years. She is asking for the loan to buy shoemaking materials such as sponges, soles, buckles, glue, lining, etc. Modesta is 44 and makes and sells pillows and covers. María is 69 and her business is a general store.
View original language description ↓
Filena es una de las tres socias emprendedoras y luchadoras tiene la edad de 45 años, casada, con un hijo menor, su negocio es un taller de zapatería en su domicilio desde hace 12 años, tiene de ser cliente de la institución 4 años. El crédito lo está solicitando para la compra de materiales de calzado como esponja, suelas, hebillas, pega, forro, etc. Modesta tiene la edad de 44 años se dedica a la elaboración y venta de almohada y cobertores. María tiene 69 años y su negocio es una pulpería.

Previous Loan Details

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 buyin... More from El Mamon Group'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.

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

  • $4,800
    Average annual income
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Mamon Group's $1,400 loan helped a member to buy shoemaking materials such as sponges, soles, buckles, glue, lining, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Oct 27, 2013
Currency Exchange Loss:
Apr 16, 2014