Update on AaronAaron 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 DetailsDespite 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… More from Aaron's previous loan »
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.
Concurrent and Successive Loans
107View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Jun 6, 2013
- May 21, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.