Paso Del Río Group
Ernestina is 44 years old and lives in Paso del Río, in the state of Veracruz, with her beloved husband and her two parents. During her childhood, Ernestina was in charge of the household tasks. As a teenager she worked cooking and helping with the home activities of her neighbors, so she could contribute to her own household expenses. Ernestina´s household has no access to the electric grid and that is why she must do her household tasks whilst there is still daylight. During the night she uses candles to do other activities.
For 20 years Ernestina has been devoted to the caring of one single household along with her husband. Her husband whose job as a fisherman provides the only family income, however, his salary is not stable because it depends on market demand.
Ernestina wants to contribute to her household expenses and work as hard as her husband by cooking food and selling it to other fishermen. To achieve this, Ernestina wishes to buy a solar home system that will bring lighting to her home and will allow her to extend productivity hours every day, so she will be able to help her household tasks during the day and cook at night, additionally, this will allow her to spend time with her loving family.
About IluMexicoIluMexico 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, IluMexico 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.
IluMexico 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.
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