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One month ago Zawadi also started his own social business with solar energy. With the help of African Solar Rise, he wrote a business plan and started selling solar products to his passengers. Furthermore, he developed the idea of his own "Solar Bajaji Project": to create awareness about solar energy he wants to equip his own bajaji with solar products so that his passengers can experience this ecological energy solution during their ride through Dar es Salaam. With a Kiva loan we can make this project come true, and Zawadi can buy his own bajaji to equip it with solar products.
Due to his organisational skills, the repayment of the loan won't be any problem for Zawadi. After a bit more than one year the loan will be fully repaid, and Zawadi will own his own "Solar Bajaji" and can save money for the education of his son.
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These loans will provide start-up capital to entrepreneurs, mainly women, who want to start clean energy businesses. African Solar Rise provides technical and entrepreneurial training on how to start and manage clean energy businesses.
About African Solar RiseAfrican Solar Rise is a nonprofit that helps entrepreneurs start businesses that offer renewable energy products and services. The organization assists in writing the business plan, providing lending capital, accessing high quality products and more.
African Solar Rise also provides savings and loan cooperatives (SAACOs) with income generating loans to purchase solar systems for redistribution amongst their members on a leasing scheme.
Kiva lenders’ funds will help the organization provide poor Tanzanians with affordable loans to start businesses that promote renewable energy, and to help SAACOs earn an income by buying and leasing solar-powered systems to their larger communities.
African Solar Rise joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.
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