Kiima Foods (Uganda)
A loan of $25,000 helped Kiima Foods to buy and sell Barefoot Power Solar Lighting products.
Kiima Foods is a farmer-registered organization with an objective of improving the livelihood of the rural poor people (1200 households) through increased access and usage of clean energy.
The loan applied for will be used to increase the working capital for the solar lighting and phone-charging project that is benefiting the rural people. The loan is intended to be used to procure 400 solar systems at once. Through this bulk purchase, the business will access a price discount and increase the business returns.
The loan is planned to extend to the active poor people a loan system that will enable them to access solar systems and pay gradually over 12 months.
Six Month Kiva Update
And in case you've been wondering what the current status is on my previously supported lenders this year, here's a little update.
January - Sreyleang (Cambodia), building latrine: 30% repaid
February - Christine (Kenya), chlorinated drinking water: repayment begins 2016
March - Matay (Tanzania), purchased biodigesters: 25% repaid
April - Salome (Kenya), purchased irrigation kit: 24% repaid
May - Carlos Alberto (Mexico), community recycling programme start-up: repayment begins Dec. 2014
May 2014 Bonus - Milagro (Columbia), sewing business supplies: 14% repaid
June - Kiima Foods (Uganda), bulk purchase of solar power units: repayment begins 2015