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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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