Check out some available loans that are similar to this one!
Daniel
Coming from a farming family, Daniel lived from hand to mouth. He grew up with a dream to be a ship captain. He joined marine school but later dropped out because his family could not afford the cost of training. Daniel was working as an honorary teacher before he decided to open a small shop selling everyday goods, toiletries and snacks.

To increase his income, Daniel has joined Kopernik’s Tech Kiosk network to sell simple life-changing technologies. He will use the loan to buy water filters, clean cooking stoves, and solar lamps and grow his business.

His community experiences frequent power cuts. Many households in Kupang still use traditional open fires or kerosene stoves which produce harmful smoke. Kerosene is expensive and rarely available. The idea of fuel efficient lighting and clean cooking makes him keen to educate his customers in the cost-savings and health benefits of these 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.

About Indonesia

  • $5,200
    Average annual income
  • 95
    View loans »
    Indonesia Loans Fundraising
  • $5,146,050
    Funds lent in using Kiva
  • 11,065.6
    Indonesia Rupiahs (IDR) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Daniel to pay for clean energy products that will be sold to his community.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2013
Listed
Dec 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014