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Theresia
This loan will help Theresia introduce simple, life-saving technologies such as solar lamps, water filters and clean cookstoves to his community.

Theresia’s parents are farmers. She wanted to be a teacher and completed a bachelors degree. She works full time managing church administration and as a mentor on a childhood development program. Her sister Marta (right) runs a small shop and Theresia (left) will display the technologies there and sell to her sister's customers.

To support her husband and two children, Theresia joined Kopernik’s Tech Kiosk network to sell simple life-changing technologies. She will use the loan to buy stock and pay off a mortgage on a piece of land they have purchased. She sees the technologies have great benefits and will mean customers spend less money on kerosene.

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.

Tags

About Indonesia

  • $4,458
    Average annual income
  • 56
    View loans »
    Indonesia Loans Fundraising
  • $4,684,925
    Funds lent in using Kiva
  • 11,607.1
    Indonesia Rupiahs (IDR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $875 helped Theresia to pay for green technologies to sell to her customers.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 23, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible