More information about this loan
The Reserve Bank of India has a number of regulations to control foreign funding of Indian institutions. We have performed considerable investigation to ensure that this Barefoot Power loan complies with these regulations.
Please be aware that, given the complex regulatory environment, there is a risk that we may encounter difficulty getting the repayments for this loan out of India. Should we encounter regulatory difficulties collecting the returns made by borrowers, Barefoot Power has agreed to repay the loan to Kiva lenders from it’s own funds.
Important InformationBecause Barefoot Power’s core business is not microfinance, there is some level of additional risk for lenders. Kiva’s partnership with the company is unique and unprecedented. For this reason, Kiva has not assigned the organization a risk rating.
Barefoot Power is a for-profit social enterprise dedicated to bringing solar lighting solutions to remote, low-income regions. The company offers Kiva-funded loans to its distributors and retailers to buy supplies, open stores, and sell high-quality, affordable lighting products to consumers in underserved communities. Access to renewable lighting reduces use of pricey, dangerous kerosene, and significantly improves household productivity and income potential.
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Success!! The loan was 100% repaid