100%

funded

Total loan: $27,000

Prakti

Tamil Nadu, TN, India / Health

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A loan helped This loan will finance the manufacturing and deployment of Prakti's new model of cook stoves.


Prakti's story

Problem Around 166 million households in India still use solid fuels (like wood, dung, or charcoal) to cook their families’ meals by using open fires or ancient stove configurations considered to be dangerous to health, wasteful, and environmentally ruinous. Solution Prakti’s mission is to empower women, alleviate poverty, and preserve the environment by developing and scaling the adoption of clean, efficient cook stoves. Prakti has created a new safer and more efficient cook stove called the “Prakti Ray Wood Stove” that requires 50% less wood fuel and is aimed at directly supporting low income populations. Performance (compared to traditional stove) o Cooking time: 50% reduction o Fuel use: 50% reduction o Emissions: 60-80% reduction o Price: 44% less expensive than comparable stoves Loan Use Prakti is specifically applying for the Kiva loan to finance the manufacturing and deployment of their new cook stove. o $17,000 for the purchase of additional manufacturing equipment o $10,000 to produce 1,000 stoves that can be used to as stock to meet the fast delivery demands of the Indian market. Here you can see Lakshmi demonstrating how to use the new cook stove, one of Prakti's first customers for its latest model.