Check out some available loans that are similar to this one!
Herodias
This loan will help Herodias introduce simple, life-saving technologies such as solar lamps, water filters and clean cookstoves to her community.

Herodias’ parents are farmers. Herodias wanted to be a teacher but only completed junior high school due to financial difficulties in her family. She completed a cooking and sewing course through a women’s group but became a shop-keeper. She makes additional income tutoring at a kindergarten. Herodias is a widow, aged 66.

When she heard about Kopernik’s Tech Kiosk program, she immediately jumped on board; not only for its obvious business opportunities but she sees the benefits and cost savings one can achieve by using the technology.

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

  • $5,200
    Average annual income
  • 35
    View loans »
    Indonesia Loans Fundraising
  • $5,218,725
    Funds lent in using Kiva
  • 11,607.1
    Indonesia Rupiahs (IDR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Herodias to pay for green technologies to sell to her customers.
95% 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
Ended:
Aug 26, 2015