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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.

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About India

  • $2,900
    Average annual income
  • 11
    View loans »
    India Loans Fundraising
  • $4,576,200
    Funds lent in using Kiva
  • 59.7
    India Rupees (INR) = $1 USD
Paying Back - Delinquent
A loan of $4,200 helped this borrower to buy and sell Barefoot Power's solar lighting.
44% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Aug 20, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible