Paso Del Río Group 2
Apolonia is a proud 47 year old Mexican that works as a cook. She lives with her husband and her two parents in law in the community of Paso del Río, located in the state of Veracruz. For the last 6 years, besides being in charge of maintaining her household and taking care of her loved family, Apolonia has worked selling her delicious Mexican food in a Palapa (an open-sided beach front restaurant made from dry palm leaves) in order to contribute to her home income and her family needs. Even though her Palapa has no electric grid access, Apolonia start´s working from sunrise to sunset, only closing her business as the last costumer lives satisfied.
Apolonia uses candles to light her Palapa, but the bad lighting quality does not allow Apolonia to cook after daylight. Also, the smoke that the candles emit bothers her customers, sometimes driving them away form her food business. Nevertheless, Apolonia has a plan: To buy solar home system that will allow her to have quality lighting in her Palapa and to cook during night hours, in order to appeal even more customers.
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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