David is married with two children and takes care of two other extended family members. He believes that as an entrepreneur, his business will enable him to take good care of his family and provide employment to other family members.
The loan will enable his business to grow and become sustainable. The loan will also enable him to meet the demand for his products in rural communities.
UpEnergy has provided David with a platform to access good clean energy products. They have enabled him to access clean energy products at affordable prices. Moreover, UpEnergy provides marketing support that can also be transferred to his business customers. The biggest benefit of the energy-efficient cooking stove is that it is environmentally friendly and helps to curb deforestation.
David's business will encourage people in rural communities to save money and the stoves will help to reduce health risks. David hopes to become a successful businessman, with a self-sustaining business with energy-efficient products.
More information about this loan
This loan product will enable UpEnergy’s micro-entrepreneurs, retailers, and distribution partners to take out inventory loans for up to 50 cookstoves at a time.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
About UpEnergyUpEnergy delivers high quality clean energy appliances to customers in the developing world at affordable prices. Carbon credit revenues enable UpEnergy to sell high quality cookstoves at subsidized prices, making them a more affordable and attractive option for the people who need them most.
Kiva loans are used to help UpEnergy expand distribution of its cookstoves through community-based organizations and retailers in Uganda. With this flexible, zero-interest capital, UpEnergy extends in-kind loans to organizations to purchase inventory for distribution in rural areas.
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Success!! The loan was 100% repaid