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Manish
Manish is the proprietor of MLGS Telecom. MLGS Telecom is the rural distributor of Solar lighting, Water purifier and Airtel Mobile Connections.
Manish operates in the area where only 40% of the houses are electrified. He serves the rural households to improve their standards of living. Manish has 15 years of experience in serving the rural area. He has a good sales network and reachability in his area.

MLGS Telecom is now focusing on providing solar lighting to rural people. MLGS Telecom would like to help rural people improve their standard of living by supplying solar home lighting solutions. Manish is aiming to light 1200 houses in his area. He wants to extend the loan to the rural poor to buy solar home lighting systems and help them to improve their standard of living.

Manish’s vision is to serve the rural household to get access to lighting and safe drinking water by partnering with companies like Barefoot Power.

Additional Information

More information about this loan

The Reserve Bank of India has a number of regulations to control foreign funding of Indian institutions. We have performed considerable investigation to ensure that this Barefoot Power loan complies with these regulations. 

Please be aware that, given the complex regulatory environment, there is a risk that we may encounter difficulty getting the repayments for this loan out of India. Should we encounter regulatory difficulties collecting the returns made by borrowers, Barefoot Power has agreed to repay the loan to Kiva lenders from it’s own funds. 

Important Information

Because Barefoot Power’s core business is not microfinance, there is some level of additional risk for lenders. Kiva’s partnership with the company is unique and unprecedented. For this reason, Kiva has not assigned the organization a risk rating.

Barefoot Power is a for-profit social enterprise dedicated to bringing solar lighting solutions to remote, low-income regions. The company offers Kiva-funded loans to its distributors and retailers to buy supplies, open stores, and sell high-quality, affordable lighting products to consumers in underserved communities. Access to renewable lighting reduces use of pricey, dangerous kerosene, and significantly improves household productivity and income potential.

Tags

About India

  • $4,000
    Average annual income
  • 181
    View loans »
    India Loans Fundraising
  • $5,200,500
    Funds lent in using Kiva
  • 62.1
    India Rupees (INR) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,850 helped Manish to buy and sell Barefoot Power's solar lighting product.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Apr 25, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 5, 2015