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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Greenbox received a loan from Ross to employ 522 smallholder farmers in organic farming over the next four years.
Maria Olinda received a loan from Ross to buy newborn chicks and concentrated feed in order to improve the farm inventory. In addition, the member will buy cooking oil to continue selling fried chickens.
Fasodjiguine Group received a loan from Ross to buy goods to resell with the aim of taking care of his children who are in school.
Koeju Group received a loan from Ross to buy drinks, baked goods, vegetables, fruits, meats, and other products.
Melisa's Group received a loan from Ross to purchase a solar light, as well as hybrid seeds and fertilizer to improve maize harvests.
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