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Justin
Justin is 36 years of age, married, and has two sons, the oldest of whom is in elementary school. Nine years ago he started a general retail business with his older brother. However, he left this business a year ago to set up his own business in the village of Guéguéré.

Justin would like to use this loan to sell energy-efficient stoves and gas stoves, with the goal of fighting against deforestation in his town and improving his income. He therefore plans to buy two gas stoves for resale to the local population. He will use his income to finance his children’s education and to provide for his family, and will also work towards introducing this money-saving equipment to the local population.
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Justin, âgé de 36 ans est marié et père de deux garçons dont le premier est inscrit à l’école primaire. Depuis neuf ans, il a commencé l’activité de commerce général avec son frère aîné qu’il a ensuite quitté il y a un an pour s’installer pour son propre compte dans le village de Guéguéré.
Avec ce prêt, il voudra assurer la vente de foyers améliorés et à gaz dans le but de lutter contre la déforestation au niveau de sa localité et améliorer ses revenus. Il achètera ainsi 2 foyers à gaz pour la revente auprès des populations. Les revenus serviront à financer les frais de scolarité de ses enfants et à l’entretien de sa famille et il travaillera à l’adoption de ces équipements économes par les populations.

Additional Information

More information about this loan

This loan will help EdM provide energy-efficient wood or coal-burning stoves and gas stoves to retailers. EdM uses loaned funds to purchase stoves from local producers, then supplies the stoves to retailers on credit. Retailers, who typically own pre-existing small businesses and wish to add stoves to their inventories, are responsible for repaying the cost of the stoves to EdM in installments over the course of the loan term. These stoves help end users reduce their fuel expenses and avoid health complications caused by cooking over open fires. Since EdM pays the cost of transporting stoves from producers to retailers, and provides marketing support in the form of promotional posters and awareness-raising events, the organization adds a margin of between 4 and 7.5% to the cost the retailers pay for the stoves in order to make the project self-sufficient. 

About Entrepreneurs du Monde (EdM)

Kiva provides an important source of flexible, risk-tolerant working capital for social businesses in EDM’s network so that they can import and stock clean energy products to meet customer demand and positively impact health and the environment in impoverished communities around the world.

About Burkina Faso

  • $1,500
    Average annual income
  • 22
    View loans »
    Burkina Faso Loans Fundraising
  • $1,823,100
    Funds lent in using Kiva
  • 533.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Justin to buy gas stoves for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012