Bunyaruguru Savings And Credit Co-Operat
More information about this loan
Kiva funding will be used to help local organizations buy improved cookstoves in Uganda. These organizations include savings and loan institutions and community-based groups that will distribute cookstoves to rural households to help them save on energy costs and reduce indoor pollution from cooking fires. To build in sufficient time for UpEnergy to import products from abroad, all Kiva loans will likely have terms of four months to a year. Exact loan terms will vary based on product providers.
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.
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