Funded

Total loan: $50
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Steven

Rwanda
Gatsibo, Rwanda / Renewable Energy Products

A loan of $50 helped to pay for ten low-cost LED lights to resell to rural households without electricity.


Steven's story

Steven is a 29-year-old man from Gatsibo District in the Eastern Province of Rwanda. He is seeking a loan of USD 50 (30,000 RWF) to purchase ten rechargeable LED lights, which he will resell to people without electricity in his village. Every week or so, these customers will return to him to have their lights recharged for just USD 0.20. Steven started selling lights in December 2012 and he has sold 20 lights to date, providing clean energy to 100 people. He is also a farmer and will reinvest the money he makes to expand his other business, to earn more money for himself and his wife, Chantal.



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: March 8, 2013

Lenders and lending teams



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: March 8, 2013