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.
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.
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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