Check out some available loans that are similar to this one!
Fortune
Fortune is a 23 year old woman from Ngoma District in the Eastern Province of Rwanda. She is seeking a loan of $100 to purchase 21 rechargeable LED lights, which she will resell to people without electricity in her village. Every week or so, these customers will return to her to have their lights recharged for just $0.20. With the money she makes from selling and recharging lights, she will pay for her children's school fees.

Additional Information

About Nuru Energy

Nuru Energy is a for-profit corporation that encourages and provides renewable sources of energy in East Africa and India. The company’s POWERCycle generator supplies easy-to-use, off-grid re-charging for mobile phones and Nuru Energy’s portable modular LED lights, which can provide up to 10 days of light to rural households. Nuru distributes its lights through a network of village level entrepreneurs called VLEs. Each VLE sells lights to end consumers and can make additional income by offering recharging services with the Nuru POWERcycle.

Kiva lenders’ funds will be used to supply VLEs with lamps to sell in their communities. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. Kiva loans will be provided to Nuru VLEs at 0% interest, and each VLE will also be equipped with a POWERCycle to recharge lamps for customers on a regular basis.

Watch the video below to see how it all works:

About Rwanda

  • $1,000
    Average annual income
  • 86
    View loans »
    Rwanda Loans Fundraising
  • $12,777,600
    Funds lent in using Kiva
  • 632.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Fortune to pay for 21 low-cost LED lights to resell to rural households without electricity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 10, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014