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.
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.
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.
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