Total loan: $50,000
Deevabits Green Energy Ltd
Nairobi, Nairobi County, Kenya / Services
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A loan helped sell solar products to 12,000 households in rural Kenya with daily incomes under five dollars.
Deevabits Green Energy Ltd's story
This loan may have a higher risk but higher impact. Learn more here. Approximately 70% of rural Kenyan households rely on kerosene for lighting. They spend 30% of their annual income on expensive and inefficient source of lighting. Kerosene emits harmful fumes that endanger people's health and is hazardous for the environment. Alternative sources of lighting are not readily accessible, leaving households with a lack of choice. Deevabits Green Energy distributes off-grid solar technology lighting to underserved rural communities across Kenya. Their solar products produce 15 times more illumination than kerosene. Deevabits last-mile distribution to the lowest-income brackets also empowers youth and women with jobs. Customers pay in cash or on a pay-as-you-go flexible payment plan that removes the upfront barrier cost. Deevabits has distributed affordable solar lighting solutions to more than 11,000 Kenyan households, impacting 55,000 beneficiaries. Households using solar lamps save 15 to 30% and double the number of hours children study at night. They’ve created more than 150 jobs in rural Kenya. Kiva loan will help Deevabits procure and distribute additional life-changing solar products to 12,000 households, the majority living on daily income of $5. They will bridge the gap in cashflows that exists between paying suppliers on purchase and receiving cash from customers on a pay-as-you-go basis.