Check out some available loans that are similar to this one!
Jane
Jane is a 28-year-old university graduate from Mbeya, Tanzania. In the region where she comes from, many people live in rural areas where they don't have access to electricity. This is a common situation in Tanzania, where the national grid reaches only 14% of the population: that means 38 million people are without electricity. Jane knows that solar power can be an affordable and efficient solution to get access to energy.

The impact that solar power can have is huge and varied: with solar products the people of Mbeya will be able to light their homes at night; to charge their mobile phones for free in their own home; to keep businesses running after sunset; and their children will be able to study in the evening without having to use harmful kerosene lamps. As of today all of this is impossible, as people have to walk, sometimes for hours, just to charge their phone, and pay for it as well. After sunset there is no light if not that provided by kerosene, which is dangerous for people's health, especially children, and for the environment.

Jane's objective is to use a Kiva loan to start her own business and provide solar power products to the people in her community. Part of the loan will go towards the purchase of products. The rest will be used to cover the costs of running the business, such as transportation and marketing. Eventually, Jane wants to set up a solar shop in her hometown.

As a university graduate who has already gained retail experience in the renewable energy sector, Jane understands very well how to run a business, to keep track of her revenues and expenses, and to reach out to customers. She has been working with African Solar Rise for over 3 months now, and has demonstrated her reliability and motivation. She has already brought power to many families, teaching them how to use the products and installing them herself on the roofs of the houses. Jane has received training within the Solar Village project of African Solar Rise, and she therefore has the technical knowledge of solar power products needed to install them and to provide after-sales services to a high standard. With all of these assets, she is confident she can run her activity successfully, and maintain a high level of sales.

A Kiva loan will give Jane the opportunity to start a new stage in her life, and to have a truly significant impact on her community.

Additional Information

More information about this loan

These loans will provide start-up capital to entrepreneurs, mainly women, who want to start clean energy businesses. African Solar Rise provides technical and entrepreneurial training on how to start and manage clean energy businesses.

About African Solar Rise

African Solar Rise is a nonprofit that helps entrepreneurs start businesses that offer renewable energy products and services. The organization assists in writing the business plan, providing lending capital, accessing high quality products and more.

African Solar Rise also provides savings and loan cooperatives (SAACOs) with income generating loans to purchase solar systems for redistribution amongst their members on a leasing scheme.

Kiva lenders’ funds will help the organization provide poor Tanzanians with affordable loans to start businesses that promote renewable energy, and to help SAACOs earn an income by buying and leasing solar-powered systems to their larger communities.

African Solar Rise 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.

Tags

About Tanzania

  • $1,900
    Average annual income
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,810,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $8,000 helped Jane to buy solar products and establish her own solar business.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 1, 2014
Listed
Jan 13, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2015