This is Wenceslao's story:
Wenceslao is a 33-year-old man living with his family of 8, in the community of Tlaxcantitla. Over the years, Wenceslao has learned the craft of agriculture, and now he mainly works in the field cultivating corn. He also sometimes sells firewood in his community to earn more money, because his income is only $23-27 USD on a productive week.
By acquiring a solar home system, Wenceslao will be able to improve his family's quality of life and spend his monthly income on better food and clothing for his children.
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
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Success!! The loan was 100% repaid