Check out some available loans that are similar to this one!
Zoenabo
Needing to increase her sales volume of home improvement products and gas products, Zoénabo, aged 39, is a resident of Sector 23 in Ouagadougou, and she would like to purchase 9 home improvement products and 14 solar lamps to satisfy customer needs. The overall amount of her financial need is 211,250 francs CFA. Zoénabo is a married mother of four children, of whom three go to school. She lacks the funds necessary to acquire these products. It must also be said that she is benefiting from expanding the range of her products by offering solar lamps, which are needed among her customers, mostly women with very low incomes.

Thus, by selling home improvement products and solar lamps acquired with the help of this loan, Zoénabo will help improve living conditions for her co-wives, her family, and herself, thanks to the money and time that will be saved. Beyond this, she envisions including the sale of refilled gas bottles [butane fuel, for example] to facilitate access to refueling for her customers. She also envisions further increasing her revenues and becoming a trader in the long term.
View original language description ↓
Etant dans le besoin d’augmenter ses volumes de vente de produits composés de foyers améliorés et à gaz, Zoénabo âgée de 39 ans et résidente au secteur 23 de Ouagadougou désire acheter 9 foyers améliorés et 14 lampes solaires pour satisfaire les besoins de sa clientèle. Le montant global du besoin en financement s’élève donc à 211 250 FCFA et Zoenabo, mariée et mère de 4 enfants dont 3 vont à l’école ne dispose pas de moyens financiers nécessaires pour acquérir ces produits. Il faut ajouter qu’elle profite d’élargir sa gamme de produits en offrant des lampes solaires dont le besoin existe au niveau de ses clients composés en majorité de femmes dont les revenus sont très faibles.

En vendant ainsi les foyers améliorés et lampes solaires acquis grâce au prêt, Zoenabo contribuera à l’amélioration des conditions de vie de ses coépouses et celle de sa famille grâce des économies en argent et en temps qu’elles feront. Elle envisage d’ailleurs d’associer la revente de recharge de bouteilles à gaz afin de faciliter l’accès aux recharges par ses clients, d’augmenter davantage ses revenus et de devenir une opératrice économique dans le long terme.

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

  • $1,284
    Average annual income
  • 29
    View loans »
    Burkina Faso Loans Fundraising
  • $1,640,275
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Zoenabo to buy and sell 9 home improvement products and 14 solar lamps.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 18, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013