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Granito De Arena Group
In this Group: Maria De Lourdes, Sonia, Felix, Eduardo, Marisol

Update on Granito De Arena Group

Don Eduardo is 52 years old. He is a native of the indigenous Mazahua community. He belongs to the Granito de Arena (Grain of Sand) communal bank. He says they gave the group that name because the loans are like grains of sand: little by little they form a mountain and that is why he and his companions take advantage of the loans to improve their businesses.

Don Eduardo transports gravel, sand, stone, etc. for construction projects. He says he has run his business for more than five years and that he started it because he was not earning enough from farming. In addition his wife was very ill from cancer, however thanks to chemotherapy she was able to recover.

Don Eduardo notes that he makes two or three trips every day (transporting construction materials) and has to travel a distance to pick up the gravel or sand that he then sells to some sand dealers in the state of Mexico and in the town of Ocampo. This takes him a bit far from his own community, but that is where he gets the best prices so that he can earn something for himself.

He says he is requesting a loan in order to continue investing in construction materials and that he will also use it to do maintenance on his dump truck.

The other members of the group are María de Lourdes, Sonia, Félix and Marisol. They will invest their loans in the purchase of sewing materials, tires for a public taxi service, men and women’s clothing and scrap metal to sell later by the kilo.
View original language description ↓
Don Eduardo tiene 52 años de edad, es originario de una comunidad indígena Mazahua, él pertenece al grupo Granito de Arena y dice que le pusieron ese nombre al grupo pues para los integrantes los créditos son como los granitos de arena: poco a poquito hacen un gran cerro y es por eso que él y sus compañeros aprovechan sus créditos para mejorar sus negocios. Don Eduardo se dedica a transportar grava, arena, piedra, etc. Para obras en construcción, dice que tiene con esta actividad desde hace más de cinco años y que empezó con este negocio porque no le alcanzaba con lo que ganaba de la siembra, aparte que su esposa la tuvieron muy enfermita ya que le dio cáncer pero gracias a quimioterapias que le hicieron pudo salir adelante. Don Eduardo platica que a diario se hace de dos a tres viajes (transportando el material de construcción) ya que tiene que salir a otro lado a conseguir la grava o arena que vende a unos bancos de arena que están en el estado de México y en la población de Ocampo y le queda un poco retirado de su comunidad, pero es donde consigue los mejores precios y así él le puede ganar algo. Dice que está pidiendo un crédito para seguir invirtiendo en el material para la construcción y que también lo ocupara para darle mantenimiento a su carro de volteo. Las otras integrantes del grupo se llaman María de Lourdes, Sonia, Félix y Marisol ellas invertirán sus créditos en la compra de material para elaborar costuras, en la compra de llantas para un taxi de servicio público, para la compra de ropa para dama y caballero y para la compra de fierro viejo para después venderlo por kilo.





Previous Loan Details

Marisol 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 »

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Granito De Arena Group's $3,875 loan helped a member to purchase sand, gravel and rocks to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013