More information about this loan
This loan is part of a program to fund institutions, including cooperatives and community-based organizations, that offer low-cost financing to general consumers who want to purchase EzyLife clean cookstoves. These institutions have successfully built trust with large networks of women living in low-income areas throughout Kenya. Their reach and influence provides an excellent pathway for expanding access to clean cookstoves.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit
About The Paradigm ProjectThe Paradigm Project (TPP)is a for-profit company that builds supply chains to deliver energy-efficient products to low-income families in developing countries like Kenya. Based in the U.S., the organization works with poor entrepreneurs to supply high-quality, clean-burning cookstoves manufactured by innovative brands like Envirofit, Burn Design Lab and EzyStove.
Kiva lenders’ funds are used by TPP to offer low-interest loans to retailers and consumers interested in purchasing high-quality, high-efficiency cookstoves that significantly reduce exposure to life-threatening indoor air pollution and deforestation. One stove can save a family over $280 in income, reduce exposure to toxic emissions by 70% and prevent the destruction of 33 trees.
The Paradigm Project 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.
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