Martín is 37 years old from the municipality of Hueytamalco, in the state of Puebla. Since he can remember, Martín has worked every single day as a farmer. Since he became a father 10 years ago, Martín works even harder to bring a better life quality to his wife and two children. His job as a peasant allows him to earn $228 USD a month, which he distributes to the maintenance of his home, the care of his family and the education of his children, whom he has taught to love agriculture but also to work on their school tasks.
Martín´s home does not have grid access, however he has tried to improve this situation by lighting their home with candles, but the bad light quality cannot allow their children to extend their education hours and exposes them to breathing hazardous smoke. Additionally, this represents an important cost in his limited budget. Martín wishes to provide his family a better life quality, that’s why he´s planning to buy a solar home system that will allow his children to have more hours of study, improving their education in the general aspect. Martín and his wife will use their new solar home system to extend their productivity and enjoy family time.
About ERES Energía RenovablesERES 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.
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