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Altise

Update on Altise

The rent-to-own basis system used by Altise is going excellently and so fast. So she's coming to us to buy more stock so that she can always have goods available for her customers. She's interested in renting more kerosene stoves and solar desk lanterns.

Previous Loan Details

Altise is an EarthSpark clean energy entrepreneur selling Lanp Enèji Pwòp solar light bulbs on a rent-to-own basis. She lives in Chardonnieres, Haiti about a 6 hours drive from Port-au-Prince in an area without access to electricity. She first started selling EarthSpark products after being a cus... More from Altise's previous loan »

Additional Information

About EarthSpark International

EarthSpark International is a nonprofit organization dedicated to eradicating energy poverty in Haiti by expanding access to clean and efficient energy products and services for lower-income, underserved homes and businesses. EarthSpark supports local clean energy entrepreneurs in selling products ranging from solar energy systems to portable lanterns to improved cookstoves. EarthSpark has also built and is expanding Haiti's first pre-pay microgrid which delivers electricity to homes and businesses via poles and wires at a village scale.

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

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.

About Haiti

  • $1,600
    Average annual income
  • 0
    View loans »
    Haiti Loans Fundraising
  • $1,872,700
    Funds lent in using Kiva
  • 40.5
    Haiti Gourdes (HTG) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Altise to purchase stock for a clean energy business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 6, 2014
Listed
Feb 10, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 9, 2014
This photo was used before for a previous loan for Altise. It was first posted on Kiva on Jan, 2013. Learn More