Aloi monitors the end-use of informal sector micro-business loans. The loans can only be spent within an ecosystem of accredited vendors (e.g. livestock loans only for livestock vendors).
We are powered by the hyperledger blockchain to increase security, transparency, and the possibility of smart contract integration in the future.
We currently work in 2 green sectors
1. Agriculture - Krishala
In Nepal, we work in Kavre, Dhading, Bardiya, Salyan, and Kailali districts for easy financing for SMSEs.
Our clients include National Microfinance Laghubitta Bittiya Sanstha Limited, Brihat Multipurpose Cooperative Society Limited, Laxmi Mahila Savings and Credit Cooperative, Daunabebari Saving and Credit Cooperative, Deepshikha Women Agriculture Cooperative, Samman Women Agriculture Cooperative, Janasahayogi Agriculture Cooperative, Dirghakalin Women Agriculture Cooperative, and Samudayik Multipurpose Cooperative. Our system helps financial institutions to monitor the usage of finances of their members and help increase productivity.
2. Electric Vehicles - Bijuli Power
Bijuli Power helps micro-entrepreneurs working in the Electric Public Mobility sector in Nepal to gain access to affordable financing. Our main objective is to promote public electric vehicles as a climate-friendly and effective alternative to fossil-fueled vehicles.
We ran a pilot program in Kathmandu Valley with Safa Tempo (a type of electric minibus). There are around 700 Safa Tempos have been providing public transportation services for 20 years, with the majority owned and operated by women. We also have been working with electric tuk-tuks and electric loaders in other parts of Nepal.
Our financing partners include Standard Chartered Bank Nepal, National Microfinance Laghubitta Bittiya Sanstha Limited, Subidha Saving & Credit Cooperative Limited, Hamro Sunaulo Saving and Credit Cooperative Limited, and more.