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Gede Suta
Gede Suta
Gede Suta
Gede Suta
Gede was born and raised in Nusa Penida, a small island off the south-east coast of Bali. The island is considered an underdeveloped area. Electricity and clean water are only accessible on certain parts of the island. Gede owns a small shop selling food, drinks and toiletries. He also sells phone credit for extra income.

After learning about technologies designed for people living in remote communities, Gede was very keen to sell these technologies in his community. He saw a market for solar lights that can help people living in areas with limited access to electricity, and for water filters for people who usually drink straight from rain water because clean water is very hard to get, and for clean, fuel-efficient cookstoves for households who still use three-stone stoves which produce a lot of harmful smoke.

He will use the loan to purchase these technologies and set up a technology kiosk, the first on Nusa Penida selling life-changing, eco-friendly technologies.

Additional Information

More information about this loan

This loan will help Kopernik to provide its network of independent re-sellers with inventory for simple, life-changing technologies, as opposed to cash or financial credit. Retailers will receive products such as water filters, solar lamps, efficient cookstoves, micro irrigation systems, corn shellers, milk pasteurizers, clean birth kits, infant warmers, mosquito nets and solar hearing aids.  

These retailers typically own pre-existing small businesses and wish to provide their communities with these technologies. They are responsible for repaying the cost of the products to Kopernik over the course of the loan term.

Kopernik will collect repayments from retailers each month based on their sales and this money will be returned to Kiva lenders. However, since actual sales are difficult to predict in advance, the repayment schedule on Kiva has been listed with only a single bullet repayment at the end of the term. This structure gives the retailers flexibility to repay on a schedule that works for their individual business needs.

About Kopernik

Kopernik is a nonprofit organization that helps rural retailers in Indonesia sell simple, life-improving technologies to their communities. Founded in 2009, it connects technology makers with local partners in remote areas to address needs like clean water, electricity, food security and healthcare. Kiva funding will enable retailers to purchase more inventory at a better price, thereby increasing the distribution of life-improving technologies in rural communities.

Kopernik joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

Tags

About Indonesia

  • $4,458
    Average annual income
  • 50
    View loans »
    Indonesia Loans Fundraising
  • $4,662,000
    Funds lent in using Kiva
  • 9,904.8
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Gede Suta to buy more green technology products.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013