Recently, Gilberte has a financial challenge because so many of her customers are in need of solar-powerd lamps. The loan will help her to purchase 69 solar-powerd lamps for resale to her customers. This will satisfy their demand, improve her sales and improve the standard of living of her family of three children (all in school) and her husband. Notably, this will be Gilberte's third loan with KIVA; the first was successfully repaid and the second is in process of being repaid without issue. She dreams of becoming a great entrepreneur, working in imports and managing the business without loans in the future.
De nos jours, Gilberte est confrontée à une difficulté financière car nombreux sont les besoins de ses clients en lampes solaires. Le présent prêt lui permettra donc d’acheter 69 lampes solaires qu’elle revendra à ses clients afin de satisfaire leur demande et d’améliorer davantage son activité et les conditions de vie sa famille composée de 3 enfants (tous scolarisés) et de son mari. Notons que Gilberte est à son troisième prêt KIVA dont le premier a été entièrement remboursé et le deuxième est en cours de remboursement sans difficulté. Elle rêve de devenir une grande entrepreneuse, faire de l’import et de travailler avec ses fonds propre à l’avenir.
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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Success!! The loan was 100% repaid