Granito De Arena Group
Update on Granito De Arena GroupFélix is 34 years old and is from a community called Macho de Agua where World Vision's offices are located, which supports children with few resources more than anything else. She has worked with VisionFund for four years to improve her business' condition and with her earnings, has improved her children's lives. She says that one of her children is sponsored and she likes that because she has received support and help on the part of World Vision. She says that she studied up to her second year of secondary school because her parents could not continue supporting her because she has many siblings and they did not have enough to continue supporting her studies.
She belongs to a group called Granito de Arena and says that they named it that because a business grows little by little from one grain of sand to the next. Félix makes a living buying and selling lambs and has done so for more than five years. During December for the past two years she has been selling clothing including pants, t-shirts, ponchos, hats, gloves, and scarves for women, men and children. During the rainy season she also grows corn and wheat, which she feeds to her animals. She says that she is going to buy the clothing in Mexico City where they give the best prices and will be able to make a profit when she makes her sales. She says that she sells her clothing in her neighborhood and to people she knows around her community since she sells her clothing to them in installments and every 15 days she collects the money little by little. She is very happy with her business. She says that it is going well for her because during the cold weather she sells the clothing that she stocks up on. She is now requesting a loan to buy a greater variety of cold weather clothing and also whats to begin selling plush boots for the winter because they are inexpensive and has seen them in stock in Mexico City. Féliz wants to continue with her business all year since her customers have told her to continue selling because she knows how to pick out clothing.
She is married to Fernando who is a public transportation driver. They have three children--Estefany is in preparatory school, Fernanda is in high school and sponsored by World Vision and little Emili who is 3 years old. The loan will benefit her because she will be able to have an income source to give her children a better quality life. The other four members of the group are María de Lourdes, Sonia, Eduardo and Marisol. They will invest in businesses selling in-season fruits and vegetables, gravel, sand and stone to sell as building supplies, in the purchase of material to make artisan weaves to then sell and in the maintenance of assorted public services.
Previous Loan DetailsMarisol is 32 years old and says that she is studying in her eighth semester at UPN (National Pedagogic University) for a degree in Middle Indigenous Languages. This will enable her to teach indigenous children who speak Ma... More from Granito De Arena Group's previous loan »
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.
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Success!! The loan was 100% repaid