This loan will allow Gilberte to buy a supply of 10 gas stoves, 26 energy-efficient metal stoves, and three solar lamps, which she will resell to improve her income. She plans to use this income to expand her business, as well as to help her husband to pay for her three children’s education.
Le présent prêt lui permettra ainsi de s’approvisionner en 10 foyers à gaz, 26 foyers métalliques améliorés et et 3 lampes solaires qu’elle va revendre afin d’améliorer ses revenus. Elle entend utiliser ces revenus pour accroître son activité et aider son mari à investir dans les études de ses trois enfants.
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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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Success!! The loan was 100% repaid