My youngest brother's 57th birthday is today, so I've honored him with two Kiva loans!
He's off on a cruise and I'm hoping he will travel more, perhaps even crossing the oceans to other continents, such as Asia and Africa.
How did I determine which loans to support this time?
The first loan is to Nusrat of Pakistan.
Tony has become closer to his daughter these past few months.
Nusrat is 38 years old, which Hope will be in two years.
This young woman is raising lambs and calves to help her family.
The second loan is to Mpower Ventures in Cameroon.
They have a very ambitious project: supply solar power to 2000 homes.
The good news is they have experience, as this is not their first Kiva loan.
They have already successfully empowered (get the pun?) 800 homes.
I certainly wish both of these loans much success in their ventures!
Happy birthday, dear brother!
3 comments:
Oh, my!!! MPower Ventures has been fully funded!!!
Their ask had been $100,000, so I have been keeping tabs.
How glorious that it was successful in acquiring funds!
https://www.kiva.org/lend/2869629
Dear Lenders,
With over 2'873 of you supporting our project, we successfully raised an impressive loan of USD 100'000. We want to extend our heartfelt gratitude. Your contribution will enable MPower to enhance the living standards of households in Cameroon by equipping them with basic lighting, USB chargers, floodlights, and other solar products. Since the round's closure, the solar products have been ordered and are set to be shipped in the next weeks.
As of today, MPower has facilitated energy access to more than 100'000 people in Africa. Yet, close to half a billion individuals in Sub-Saharan Africa remain without reliable electricity. The market potential is vast, and so is our vision: together with you, our partners, supporters, and dedicated team, we are committed to bridging the electrification gap on the African continent by providing clean and reliable energy sources.
We encourage you to view our latest shareholder update to gain further insights on our progress towards this vision. To stay updated we would be delighted if you follow us on LinkedIn (where we share shorter news from time to time) and sign up to our email list. We will also be posting regular updates including links to more extensive updates on the kiva page.
Linkedin page: https://www.linkedin.com/company/mpowerventures
Latest shareholder update: https://drive.google.com/file/d/1keoGHoBDZ2807kFsVL9g-olu1xbDg9Zr/view
Thank you for helping us make a difference.
Dear All,
We hope this message finds you well. As we reflect on an exciting year, we want to share some key updates with you.
Zambia - Our Strongest Market in 2024:
Zambia continues to be a key growth driver for MPower. With persistent loadshedding as a major challenge, the demand for our solar solutions has skyrocketed. We've closed exciting new partnerships and are actively in discussions with corporate and financing partners to further scale operations. Zambia's high demand highlights the critical role of clean energy in transforming lives and powering businesses.
Additional Highlights:
We've raised over €1.5M in equity, including a €750,000 commitment from CEI Africa. This partnership reflects the trust of major investors in our mission to fight energy poverty across sub-Saharan Africa. These funds will amplify our impact, enabling us to extend our reach and accelerate the growth of clean energy solutions in underserved markets.
Looking ahead, 2025 will be a transformative year for MPower. With a team of over 60 members, we are expanding our EnergyHub network, scaling operations across five markets (Zambia, Ghana, Cameroon, Togo, and Namibia), and empowering even more communities with sustainable solutions.
Thank you for being part of our journey to transform energy access in Africa. Your support drives real change, and we're thrilled to have you on this mission. Wishing you and your loved ones a joyful holiday season and a bright, sustainable New Year!
Warm regards,
The MPower Ventures Team
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