UpEnergy was recently approved by KIVA to administer micro loans to high potential partners to buy cook stoves and solar lamps. UpEnergy partners will now be able to leverage consumer finance through micro loans, making our products more accessible than ever.
Aaron, a former motorcyclist taxi driver turned energy-efficient stove distributor, was just issued a $375 loan funded by Kiva to buy energy-efficient cookstoves on credit. Despite only completing seven years of schooling, Aaron has consistently been our highest performing entrepreneur in Uganda. Now, thanks to Kiva lenders, he is looking to grow his business further to help him support his family, wife, three children and the ten orphans for whom he provides shelter and school fees.
For more on the story, visit: Kiva blog on UpEnergy.