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Augustin
Augustin is the third shopkeeper-partner at the social enterprise Nafa Naana to be set up in Ouagadougou City for distributing energy products. The products are improved stoves, gas stoves, and solar lamps. In addition to common hardware and shop goods he has been offering to people in his district of Bissighin, a place lacking electricity located on the outskirts of Ouagadougou City, Augustin will be able to buy and resell 10 improved stoves, 5 gas stoves, and 14 solar lamps, thanks to this loan in the amount of 348,750 francs CFA.

Note that Augustin's financial means do not ensure he can acquire these new yet important products for him and for the people of his district. Selling this equipment will bring in additional revenues for the shopkeeper. His customers will also be able to save money, thus helping to improve their living conditions. In the end, Augustin will help to protect the environment.

At 47 years of age, married, and a father of three children, of whom two are in school, he dreams of becoming a wholesaler and being able to sell more solar products (large-scale solar, solar refrigerators) in order to bring relief to the people of his district.
View original language description ↓
Augustin est le troisième boutiquier partenaire à l’entreprise sociale Nafa Naana à être installé dans la ville de Ouagadougou pour la distribution de produits énergie. Les produits sont des foyers améliorés, à gaz et des lampes solaires. En plus des produits ordinaires de la quincaillerie et boutique qu’il proposait à la population de son quartier Bissighin, localité non électrifiée et située à la périphérie de la ville de Ouagadougou, Augustin pourra acheter et revendre 10 foyers améliorés, 5 foyers à gaz et 14 lampes solaires grâce à ce prêt dont le montant est de 348 750 FCFA. Notons que les moyens financiers d’Augustin ne lui permettent pas d’assurer l’acquisition de ces nouveaux produits pourtant importants pour lui et la population de son quartier. La revente de ces équipements procurera un revenu supplémentaire pour le boutiquier. Egalement ses clients pourront réaliser des économies contribuant ainsi à l’amélioration de leurs conditions de vie. Enfin Augustin participera à la protection de l’environnement.

A 47 ans, marié et père de trois enfants dont deux sont en situation scolaire, il rêve de devenir un grossiste et de pouvoir vendre davantage des produits solaires (le solaire de grande dimension, frigos solaires) pour soulager les populations de son quartier.

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

  • $1,500
    Average annual income
  • 29
    View loans »
    Burkina Faso Loans Fundraising
  • $1,833,575
    Funds lent in using Kiva
  • 489.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Augustin to trade in improved stoves, gas stoves, and solar lamps.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 19, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 27, 2013