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Jyothi Enterprise
Jyothi Enterprise is a village based organization that promotes health and solar lighting products promotion. Mr Nagaraj is the proprietor of Jyothi Enterprise. They select Women Village Level Entrepreneurs from the 100 Self Help Groups and provide earning opportunities by selling solar products. Jyothi Enterprise operates from Karantaka where 1.3 million people are using kerosene lamps for their basic lighting needs. The area of Karnataka where they work has only 60% electrification. Solar lighting will help children to study, mobile charging and small shop owners. Some of the areas in which Jyothi Enterprise has a presence are not connected by grid electricity. In order to ensure clean lighting solutions and to provide earning opportunities, Jyothi Enterprise is seeking a loan to help scale up their impact.

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.

About India

  • $4,000
    Average annual income
  • 189
    View loans »
    India Loans Fundraising
  • $5,207,575
    Funds lent in using Kiva
  • 60.1
    India Rupees (INR) = $1 USD

Success!! The loan was 100% repaid

A loan of $6,675 helped Jyothi Enterprise to buy and sell Barefoot Power Solar Lighting Products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 1, 2014
Listed
May 6, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 5, 2015