Total loan: $100,000
Bali, Bali, Indonesia / Retail
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A loan helped to recycle tires, create jobs, and make 20,000 pairs of shoes in Indonesia.
The Problem Each year, over 1.5 billion waste tires are discarded into landfills worldwide. These tires are a major environmental problem and can start large fires that are hard to extinguish, and are a breeding ground for diseases such as Malaria and Dengue Fever. The Solution Indosole, a certified B Corp enterprise, started in 2009 when founder Kyle was surfing in Bali and bore witness to the ubiquitous waste issues plaguing the archipelago. Indosole is on a mission to reduce a worldwide waste tire problem by upcycling & recycling tires into soles of footwear, while providing fair employment to Indonesian artisans. Impact Indosole has prevented over 80,000 waste tires from ending up in landfills in Indonesia. They also provide jobs to 40+ Indonesian craftspeople and in-house staff in the USA. Loan Use Indosole is in a growth pattern in its 9 year old business. The company is raising funds to run larger, higher quality production runs to feed the demand. With your Kiva support, this loan will allow Indosole to: -Manufacture footwear for the spring/summer 2019 season -Provide upgrades to its manufacturing facility - Continue Educational programs about recycling, upcycling, and minimal living *This is Indosole's 4th Kiva loan, they previously successfully paid back a 5k, 10k and 30k loan.