More information about this loan
This loan product will enable UpEnergy’s micro-entrepreneurs, retailers, and distribution partners to take out inventory loans for up to 50 cookstoves at a time.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
About UpEnergyUpEnergy delivers high quality clean energy appliances to customers in the developing world at affordable prices. Carbon credit revenues enable UpEnergy to sell high quality cookstoves at subsidized prices, making them a more affordable and attractive option for the people who need them most.
Kiva loans are used to help UpEnergy expand distribution of its cookstoves through community-based organizations and retailers in Uganda. With this flexible, zero-interest capital, UpEnergy extends in-kind loans to organizations to purchase inventory for distribution in rural areas.
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Success!! The loan was 100% repaid