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Cornerstone
Cornerstone
Cornerstone
Cornerstone
Teachers and workers at the Cornerstone organization in Uganda have dedicated themselves to giving under privileged youths the opportunity to turn their lives around, providing them with skills and capabilities they need to participate in society as independent, mature, and responsible individuals.

Employees at Cornerstone such as Peninah, a 29 year old and a single mother of one child, earns $120 a month and is able to take care of her child and obtain basic needs for home. Whilst the school is connected the mains power, it can be unstable with regular blackouts that can last for days. Living in the staff quarter’s means she is highly dependent on kerosene lamps for lighting and this means exposing herself and her child to the risk of dangerous fumes, not to mention burns and fires associated with their use. Many other teachers are in a similar position and the need for both reliable lighting and power can be life changing.

Cornerstone approached Fenix International, a renewable energy company, to help provide their employees with access to clean, safe and affordable lighting plus empower them to generate additional income from phone charging. Fenix designs and manufacturers the ReadySet Solar Charger, a high quality, easy to use solar system that comes with a 15watt solar panel and provides up to 30 hours of lighting or charge up to 10 phones a day. The ReadySet allows a household to generate income of up to $50 per month by charging phones and generating savings by removing the need to purchase kerosene. They ReadySet is also capable of providing reliable energy to power other devices such as radios and hair clippers.

Thanks to Kiva, Fenix will be able to supply their ReadySet Solar Charger on loan to over 48 Cornerstone teachers and staff (pictured), who can pay on affordable monthly installments over a year-long period. Payments are deducted directly from their pay slips each month, leaving them with profits and savings generated from the ReadySet Solar Charger to help improve their lives.

Additional Information

More information about this loan

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. 

About Fenix International

Fenix International is a for-profit company that builds the ReadySet, a battery that can be charged with a variety of energy sources including solar and wind power. The ReadySet enables entrepreneurs to earn an income by charging up to ten cellphones per day, and can also provide light for up to 30 hours. Fenix works with mobile network operators, savings and credit cooperatives, companies, and individual retailers to distribute ReadySet units in Uganda.



Kiva loans made through Fenix help retailers and end users afford ReadySet batteries. By funding this loan, you are accelerating the adoption of clean, sustainable energy where it's needed most.

Tags

About Uganda

  • $1,500
    Average annual income
  • 267
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $6,550 helped Cornerstone clean, renewable solar energy products for teachers at Cornerstone.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 30, 2014