Trinidad is 24 years old and lives in a single-room house along with his beloved wife and their three year old. All his life, Trinidad worked in farming as a way of living, his father taught him and his brothers everything there is to know about reaping and harvesting. His job as a peasant allows him to earn a monthly income of $270 USD, but his earnings may vary because they depend on the rain season. Trinidad is a hardworking man, and when his little boy came into his life he set a goal: work as hard as he can to improve his child´s quality of life.
Trinidad´s community lacks public services, and in order to light his house during nighttime he uses a diesel lamp. He refills the lamp weekly in the nearest town, one hour away from Chontla. Trinidad thinks that diesel lamps are expensive and hazardous, and that’s why he wishes to purchase a solar home system. He believes it will improve his household's quality of life and even allow him and his wife extend their productive hours during nighttime, so they can increase their earnings and offer a better future to their children.
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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