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Dennis
After leaving his job at an NGO in Uganda, Dennis returned to his village to start a family. Now with a wife and three young children, Dennis is working extremely hard running poultry, printing, and consumer goods businesses. With the help of a Kiva loan, he will be able to purchase more of the energy efficient stoves that have been a major health and fuel-saving product for his customers. Unlike most entrepreneurs, Dennis doesn’t just wait for customers to come to him, he travels to smaller villages and performs demonstrations everywhere from offices to hospitals to small shops. The son of farm laborers, he did not grow up with much money, but his dream is for the extra income generated from stove sales to allow him to send all three of his children through school as well as expand his business to neighboring towns.

Additional Information

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 UpEnergy

UpEnergy 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.

About Uganda

  • $1,800
    Average annual income
  • 243
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Dennis to purchase energy efficient stoves to expand his business to neighboring towns.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 25, 2013
Listed
Apr 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013