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Franklin

Update on Franklin

Franklin is now looking to increase his inventory and take out a third loan! With this loan he will purchase solar desk lamps, improved cookstoves and small solar home systems. Franklin has set up a store outside his home to sell his products but has also had great success marketing door-to-door.

Previous Loan Details

Franklin lives in Port-a-Piment, Haiti, an area with erratic access to electricity. He has a degree in accounting and he works as a taxi driver of motorcycle. One of the reasons he wants to sell cookstoves is because he doesn’t like seeing people cut down trees to produce charcoal. EarthSpark eff... More from Franklin's previous loan »

Additional Information

About EarthSpark International

EarthSpark International is a nonprofit organization dedicated to eradicating energy poverty in Haiti by expanding access to clean and efficient energy products and services for lower-income, underserved homes and businesses. EarthSpark supports local clean energy entrepreneurs in selling products ranging from solar energy systems to portable lanterns to improved cookstoves. EarthSpark has also built and is expanding Haiti's first pre-pay microgrid which delivers electricity to homes and businesses via poles and wires at a village scale.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Haiti

  • $1,600
    Average annual income
  • 1
    View loans »
    Haiti Loans Fundraising
  • $1,837,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Franklin to purchase stock for a clean energy business.
100% repaid
Repayment Term
2 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 3, 2013
Listed
May 12, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Franklin. It was first posted on Kiva on Mar, 2013. Learn More