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El Arenal Group
In this Group: Zenaida , Rosa , Isabel, Rosa Ma , Alicia , Maria Gloria , Veronica

Update on El Arenal Group

The "El Arenal" (the sandy spot) group is made up of seven very hard-working woman who have always lived in the same community. The women themselves chose this name for the group because the area where they live has some of the best sand you can ever find. One member of the group, Isabel, tells us that she is 32 years old and has been married to Abranm, a trader, for 32 years. Together, they had a family but now their children are independent. Isabel has always lived in the same community and for 20 years she has been selling household products. She started this because as a child she always saw her parents and neighbours that would sell at the markets and then, when she married, she wanted to help her husband with the household bills. Her daughters studied and she wanted the best for them. Isabel is applying for a loan in order to buy more merchandise, such as strainers, blender cups, items for pressure cookers, spoons, cloths and floor cloths. Isabel is very happy because, thanks to the loan from Kiva and Vision Found, she will be able to buy everything she needs. She says that she has always walked the streets to sell her products. She thinks that she does not have any difficulties because she is reliable in what she does in case they stop her from selling in peace. Perhaps her sales are low though she says: "One day I would like to have my own place where we could sell our products. I think our profits would increase so much because customers would know where to find us much more easily and we would sell more". All the members of the group also have dreams and so they are all applying for a loan. Zenaida will use hers to buy novelty items; Rosa will buy blender cups and household products; Veronica will invest in items for Christmas; Gloria will buy socks and blender cups; Rosa Ma will buy fibres and household products; and, finally, Alicia will buy for her grocery store. These are all the members of the group.
View original language description ↓
El Grupo "El Arenal" esta conformado por siete mujeres muy trabajadoras son mujeres que siempre han vivido en la misma comunidad porque ellas mismas eligieron el nombre del gupo y le pusieron asi porque donde viven hay un lugar donde hay arena que es lo mejor que se puede apreciar. Doña Isabel quien tambien forma parte del grupo paltica que tiene 32 años de edad esta casada con el señor Abranm desde hace 32 años quien trabaja como comerciantes juntos formaron una familia hijos sinembargo ya ninguno depende de ellos, Doña Isabel siempre ha vivido en la comunidad paltica que desde hace 20 años se dedica a la venta de productos de jarceria inicio su actividad porque desde pequeña ella siempre veia a sus padres y vecinos que vendian en mercados pero tambien porque cuando se caso quiso ayudar a su esposo con los gastos del hogar ya que sus hijas se encintraban estudiando y queria lo mejor para ellas, Doña Isabel esta solicitando el credito para comprar mas mercancia como coladeras, vasos de licuadora, objetos para ollas expres, cucharas, jergas, trapos, Doña Isabel esta muy contenta porque gracias al credito que KIVA y VISION FOUND porque podra comprar todo lo que le hace falta, Doña Isabel platica que siempre han caminado en la calle para ofrecer su mercancia platica que cosidera que no tiene ninguna dificulatad porque todo se le hace formal que quizas no los dejen vendre con tranquilidad, quisas deq ue sus ventas esten bajas entre otras cosas, aunque ella comenta "Me gustaria algun dia llegar a tener un local propio donde pudieramos vender nuestros productos creo que nuestras ganacias aumentarian demasiadas porque los clientes nos ubicarian mucho mejor y venderiamos mas" Todos los integrantes del grupo igualmente tienen sueños es por eso que tambien estan solicitando credito a la institucion como Doña Zenaida invertira en fantasia, Rosa en Vasos de licuadora y jarceria, Veronica en articulos navideños, Gloria en medias y vasos de licuadora, Rosa Ma. en fibras y Jarceria y finalmente Alicia en su Tienda de abarrotes estos son todos los integrantes del grupo.

Previous Loan Details

The “Arenal” (Sands) group is composed of eight women who are from the same locality, San Agustin Mextepec. They tell us they have known each other since they were very young and have always lived near one another. They chose their name themselves and chose “Arenal” because they live where there is… More from El Arenal Group's previous loan »

Additional Information

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 Mexico

  • $11,249
    Average annual income
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,325,200
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Arenal Group's $7,225 loan helped a member to buy more merchandise such as strainers, blender cups, items for pressure cookers, spoons, cloths and floor cloths.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013