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.
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.
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