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Alfoita

Update on Alfoita

Afloita is making great progress in selling green technologies in her community. She appreciates the extra income to look educate her children.

Kopernik originally listed this loan with fixed monthly repayments however as actual sales are difficult to predict in advance, repayments were not being made at the fixed rate. This loan will be repaid as actual sales are made. She may even pay her loan off early!

Afloita hopes you can support her again.

Previous Loan Details

Afloita was born and raised in Ende on the island of Flores in East Nusa Tenggara province. She moved to the neighbouring island after getting married. She is a famous cook in her area, selling Timorese traditional food from a pop-up stall in her yard. She started this business to generate inc... More from Alfoita's previous loan »

Additional Information

More information about this loan

This loan will help Kopernik to provide its network of independent re-sellers with inventory for simple, life-changing technologies, as opposed to cash or financial credit. Retailers will receive products such as water filters, solar lamps, efficient cookstoves, micro irrigation systems, corn shellers, milk pasteurizers, clean birth kits, infant warmers, mosquito nets and solar hearing aids.  

These retailers typically own pre-existing small businesses and wish to provide their communities with these technologies. They are responsible for repaying the cost of the products to Kopernik over the course of the loan term.

Kopernik will collect repayments from retailers each month based on their sales and this money will be returned to Kiva lenders. However, since actual sales are difficult to predict in advance, the repayment schedule on Kiva has been listed with only a single bullet repayment at the end of the term. This structure gives the retailers flexibility to repay on a schedule that works for their individual business needs.

About Kopernik

Kopernik is a nonprofit organization that helps rural retailers in Indonesia sell simple, life-improving technologies to their communities. Founded in 2009, it connects technology makers with local partners in remote areas to address needs like clean water, electricity, food security and healthcare. Kiva funding will enable retailers to purchase more inventory at a better price, thereby increasing the distribution of life-improving technologies in rural communities.

Kopernik joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

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 Indonesia

  • $4,458
    Average annual income
  • 44
    View loans »
    Indonesia Loans Fundraising
  • $4,591,375
    Funds lent in using Kiva
  • 12,049.8
    Indonesia Rupiahs (IDR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $850 helped Alfoita to introduce simple, life-saving technologies such as solar lamps, water filters and clean cookstoves to her community.
39% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 25, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Alfoita. It was first posted on Kiva on Dec, 2013. Learn More