Each kiosk is operated by a local "Juapreneur". These entrepreneurs provide a critical service to their local villages and towns, recharging cellphones, and recharging and selling solar lanterns, radios, and other electrical devices. These are towns hours away from the electrical grid. Without Juabar in town, recharging can be expensive and inconsistent. Locals either have to track down someone with a big battery, that was recharged in the city, or lend their phone to someone heading to the city. With Juabar, this weekly chore is less expensive, far less time consuming, and consistently available.
Juabar provides the kiosk and training, and the Juapreneur pays a monthly fee for the use of the equipment and ongoing support. The loan will provide sufficient funding to add another 5 kiosks. Repayments will come directly from the monthly fees, and secured by the other 22 kiosks currently deployed.
Juabar is a revenue-generating social enterprise, with a proven business model, a high demand from new entrepreneurs who want to open new Juabars, and an opportunity in Tanzania alone to reach over 20 million people with phones but no access to the electric grid.
More details at juabar.com
More information about this loan
Fledge is a US-based, for-profit social enterprise that incubates and accelerates companies with a social impact element that work domestically and abroad.
Kiva will help Fledge entrepreneurs push through the pioneer gap -- where they have proven a demand for their product or service, but lack the funding required to reach sufficient customers to either get to a profitability directly or interest impact investors.
All of Fledge's entrepreneurs are both social mission-driven and aiming for profitable operations -- with the mission embedded within the product or service.
About Fledge:Fledge is a U.S.-based, for-profit social enterprise that incubates companies with a social impact element that work domestically and abroad.
All ‘fledgling’ companies are both social mission-driven and aiming for profitable operations -- with the mission embedded within the product or service.
Funding on Kiva will help Fledge fulfill its mission by helping their graduates push through the pioneer gap – the point at which companies have proven a demand for their product or service, but lack the funding required to reach enough customers or investors.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
58View loans »