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Aaron

Update on Aaron

Aaron used his first loan to buy energy-efficient firewood stoves which he was able to successfully sell in less than a month. After this small and successful first loan was repaid to Kiva lenders just one month after they had made the loan, he is now looking to expand his business by buying twice as many stoves on credit.

Previous Loan Details

Despite being orphaned at a young age, losing six of his seven siblings, and only having had seven years of schooling, Aaron has risen above his circumstances to become a well-respected and compassionate member of his community. Aaron has a family of five, a growing business, and supports ten or... More from Aaron's previous loan »

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.

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 Uganda

  • $1,500
    Average annual income
  • 267
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,563.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Aaron to pay for improved firewood cook stoves.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 6, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Aaron. It was first posted on Kiva on Apr, 2013. Learn More