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Korotoumou
Married with five children all in school, Korotoumou is a woman who has been running her business of processing local grain for the past 20 years. In addition to processing grain, she also sells kitchen utensils and pagnes (traditional West African dyed cloth) to earn more income in order to contribute to her family's expenses.

Mindful of the need to protect the environment and also the needs of her co-wives, Korotoumou decided to partner with Nafa Naana in order to sell products such as energy efficient stoves, gas stoves and solar lamps. However, she faces financial hardship that limits her ability to purchase a supply of products for resale. With this loan, Korotoumou will be able to buy ten energy efficient stoves, five gas stoves and 14 solar lamps that she will resell to earn revenue.

This income will serve to help her business grow. Korotoumou dreams of achieving financial autonomy through the expansion of her business in Sector 5 of Ouagadougou, where she resides and runs her business.
View original language description ↓
Mariée et mère de cinq enfants tous scolarisés, Korotoumou est une femme qui exerce l’activité de transformation des céréales locales depuis 20 ans. En plus de la transformation, elle vend des ustensiles de cuisines et des pagnes afin de se procurer plus de revenus dans le but de contribuer aux dépenses de sa famille.

Soucieuse de la nécessité de protéger l’environnement et aussi et de la satisfaction des besoins de ses coépouses, Korotoumou a décidé de devenir un partenaire de Nafa Naana afin de pouvoir vendre des produits énergie tels que les foyers améliorés, les foyers à gaz et les lampes solaires. Cependant, elle est confrontée à une difficulté financière qui limite sa capacité d’approvisionnement en produits pour la revente. Grâce à ce prêt, Korotoumou pourra acheter 10 foyers améliorés, 5 à gaz et 14 lampes solaires qu’elle revendra afin de se procurer des revenus supplémentaires.
Ces revenus serviront à accroître son activité, et elle rêve d’atteindre une autonomie financière en perpétuant l’activité au secteur 5 de Ouagadougou où elle réside et exerce son commerce.

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
  • 8
    View loans »
    Burkina Faso Loans Fundraising
  • $1,408,125
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Korotoumou to buy ten energy efficient stoves, five gas stoves and 14 solar lamps for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 20, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014