Monica is 26 years old, married and has a five-month-old son named Malcom. She owns a small retail shop and her husband is a primary school teacher.
Monica is also a Solar Sister. Solar Sisters are female entrepreneurs who sell clean, portable lanterns to their communities.
"While working with Solar Sister, I have been able to supplement my income," Monica says. "Now I have enough money to at least buy milk for my baby and also his clothing. With the money saved from Solar Sister, my husband and I hope to buy a plot of land for our future home, and also to open up a bigger shop."
Monica's biggest dreams include owning her own home, expanding her shop and being able to go back to school.
She loves Solar Sister because it allows her to start her own business with minimal start-up capital. With this Kiva loan, Monica will purchase more solar inventory that she will then resell to her community.
More information about this loan
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit
About Solar Sister
Solar Sister is a nonprofit organization that distributes clean, affordable solar technology while empowering women with economic opportunity. The organization sells a variety of solar products through a growing sales network of local women. It provides each of them with a “business in a bag” containing approximately ten products to be sold at a profit. Saleswomen repay Solar Sister for this initial inventory on a monthly basis.
Kiva loans are used to fund these upfront inventory kits, allowing Solar Sister to invest more of its revenue in growth. During the course of this loan, this Solar Sister Entrepreneur will sell the inventory she purchases with these funds, repay Solar Sister, and access more product. Borrowers that are reliable saleswomen may leverage these loan funds multiple times during the course of this loan.