Check out some available loans that are similar to this one!
Vedaste
Vedaste is a 44-year-old man from Ngororero District, in the Western Province of Rwanda.

He is seeking a loan of RWF 30,000 to purchase ten rechargeable LED lights, which he will resell to people without electricity in his village. Every week or so, these customers will return to him to have their lights recharged for just RWF 100.

Vedaste started selling lights in October, 2012 and he has sold 20 lights to date, providing clean energy to 100 people. He is also a farmer and will reinvest the money he makes to expand his other business, to earn more money for himself, his wife, Sofia, and their one child.

Additional Information

About Nuru Energy

Nuru Energy is a for-profit corporation that encourages and provides renewable sources of energy in East Africa and India. The company’s POWERCycle generator supplies easy-to-use, off-grid re-charging for mobile phones and Nuru Energy’s portable modular LED lights, which can provide up to 10 days of light to rural households. Nuru distributes its lights through a network of village level entrepreneurs called VLEs. Each VLE sells lights to end consumers and can make additional income by offering recharging services with the Nuru POWERcycle.

Kiva lenders’ funds will be used to supply VLEs with lamps to sell in their communities. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. Kiva loans will be provided to Nuru VLEs at 0% interest, and each VLE will also be equipped with a POWERCycle to recharge lamps for customers on a regular basis.

Watch the video below to see how it all works:

About Rwanda

  • $1,700
    Average annual income
  • 32
    View loans »
    Rwanda Loans Fundraising
  • $14,314,275
    Funds lent in using Kiva
  • 640.9
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $50 helped Vedaste to pay for ten low-cost LED lights to resell to rural households without electricity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2014