Kiva Lending Team: Solar Power
We loan because...
While a majority of the world's current electricity supply is generated from fossil fuels such as coal, oil and natural gas, these traditional energy sources face a number of challenges including rising prices, security concerns over dependence on imports from a limited number of countries which have significant fossil fuel supplies, and growing environmental concerns over the climate change risks associated with power generation using fossil fuels. As a result of these and other challenges facing traditional energy sources, governments, businesses and consumers are increasingly supporting the development of alternative energy sources and new technologies for electricity generation. Renewable energy sources such as solar, biomass, geothermal, hydroelectric and windpower generation have emerged as potential alternatives which address some of these concerns. As opposed to fossil fuels, which draw on finite resources that may eventually become too expensive to retrieve, renewable energy sources are generally unlimited in availability.
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Sosai Renewable Energies received a loan from Ross to provide rural Nigerians with clean energy for work, cooking, school, and economic productivity.$13,575 to goLend Now
Mushengezi Group received a loan from Ross to buy a variety of merchandise for resale (flour, rice, salt, and other high-demand items).
Palmis Eneji Sa received a loan from Ross to import clean energy products such as solar lanterns for rural Haiti.
Teliman received a loan from Ross to provide quality jobs, health insurance, and productive asset ownership to Malian youth moto-taxi drivers.
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