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Macario's Group
In this Group: Macario, Catalina, Lidia
Macario his wife Catalina and his daughter in law Lidia live in Oaxaca, México in a small community called El Paraíso in Santa María Tiltepec. In el Paraíso, they just got access to the electric grid early 2012, however the service is extremely unreliable. They continue to rely on candles when the lights go out. They mention blackouts can last up to 8 days during the rainy season due to their geographical conditions. They believe a solar system will have great value, providing savings in their electricity costs and will eliminate the need for the use of candles in their homes when there are blackouts. Both women contribute to their families income and belong to a cooperative of women that is called “Mujeres Trabajadoras de Tiltepec” (Working Woman from Tiltepec). This cooperative participates in different exhibitions and is helping women to sell their products to different foundations and bigger crafts shops. Catalina is teaching her daughter-in-law Lidia to work with clay, and Macario is in charge of selling the products because Catalina only speaks Chatino and can't communicate with clients in Spanish. A loan for a solar home system will allow these working women to have 4 additional hours of quality lighting to work and generate higher incomes for their families.

Additional Information

About ERES Energía Renovables

ERES Energía Renovable is a hybrid social enterprise that provides clean energy via solar-powered home systems in off-grid communities in Mexico. Kiva loans enable low-income households to purchase these systems. By lending to borrower groups that cross-guarantee each other, ERES Energía Renovable is able to reach far more borrowers who do not have the collateral or credit history to get a loan from a formal financial institution.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

ERES Energía Renovable joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

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

  • $15,600
    Average annual income
  • 26
    View loans »
    Mexico Loans Fundraising
  • $19,067,200
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Macario's Group's $450 loan helped a member macario, Catalina and Lidia each purchase a solar home system to have reliable energy access in their homes and gain 4 hours more to produce clay products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 22, 2013
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 4, 2014