Esperance is a 36-year-old woman from Rwamagana District in the Eastern Province of Rwanda. She is seeking a loan of 30,000 Rawandan francs (RWF) to purchase 10 rechargeable LED lights, which she will resell to people without electricity in her village. Every week or so, these customers will return to her to have their lights recharged for just 100 RWF.
Esperance started selling lights in May, 2012 and she has sold 90 to date, providing clean energy to 450 people. She is also a shopkeeper and will reinvest the money she makes into expanding her other business to earn more money for herself, her husband Jean Pierre, and their four children.
About Nuru Energy
Nuru Energy is a for-profit corporation that encourages and provides renewable sources of energy in East Africa and India. The company’s POWERCycle generator supplies easy-to-use, off-grid re-charging for mobile phones and Nuru Energy’s portable modular LED lights, which can provide up to 10 days of light to rural households. Nuru distributes its lights through a network of village level entrepreneurs called VLEs. Each VLE sells lights to end consumers and can make additional income by offering recharging services with the Nuru POWERcycle.
Kiva lenders’ funds will be used to supply VLEs with lamps to sell in their communities. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. Kiva loans will be provided to Nuru VLEs at 0% interest, and each VLE will also be equipped with a POWERCycle to recharge lamps for customers on a regular basis.