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Alfred
Alfred is a 42-year-old man from Gicumbi District in the Northern Province of Rwanda.

He is seeking a loan of 30,000 RWF to purchase 10 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. Alfred started selling lights in December 2012 and he has sold 30 lights to date, providing clean energy to 150 people.

He is also a farmer and will reinvest the money he makes into expanding his other business to earn more money for himself, his wife Grace, and their 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
  • 29
    View loans »
    Rwanda Loans Fundraising
  • $14,171,825
    Funds lent in using Kiva
  • 645.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $50 helped Alfred to buy 10 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:
Jun 12, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2014