Update on JoyceJoyce has continued to sell BrightBox to low-income farmers across Western Kenya. With the help of two previous loans from Kiva lenders, Joyce has been able to offer an installment payment method to many of her customers who were previously unable to afford the clean energy systems at an upfront cost. We are providing Joyce a higher loan amount to ensure Joyce can continue to offer these payment terms to her customers and meet the overwhelming demand that she has built with the help of Kiva lenders. Thank you!
Previous Loan DetailsJoyce is an entrepreneur who works with a small team of socially minded partners to improve lives for farmers throughout Kenya. Her work involves training farmers and building market linkages with suppliers of environmentally friendly products that are needed within local communities. Over the la... More from Joyce's previous loan »
About One Degree SolarOne Degree Solar (ODS) is a for-profit social enterprise that designs, manufactures and distributes micro-solar products to improve access to energy, entertainment, and information in low-income communities across Africa. It is distinguished by its sustainable business model, which not only gets products to the people who need them most, but also provides for after-sales customer care and support by using components, tools, mobile resources, and human knowledge that are already available in a majority of off-grid communities.
By supporting this loan, you are helping a One Degree Solar reseller buy inventory of solar products to reach even more remote customers who currently rely on toxic and expensive sources of energy like kerosene. With the loan, these resellers can offer financing plans to lower-income consumers who cannot afford to purchase products upfront.
ODS 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid