Christiane has been an entrepreneur for seven years and also president of an association. She would like to be doing work as a caterer or decorator or landscape gardener, but has deal with a lack of finances to develop those businesses.
The loan accorded to Christiane will allow her to buy 18 gas stoves and one improved woodstove to resell within her association. She does this to help the women of her association out, so that they will be able to cook food more quickly.
As for the future, Béatrice would like to set up a microfinance organization that would support women.
Christiane est entrepreneuse depuis sept années, ainsi que Présidente d’une association. Elle propose des activités de traiteur, de décoration et d’aménagement du paysage, mais doit faire face à un manque de financements pour développer son activité.
Le prêt octroyé à Christiane lui permet d’acquérir 18 foyers à gaz et 1 foyer amélioré, pour les revendre au sein de son association. Elle fait cela pour soulager les femmes de son association qui pourront désormais cuisiner plus rapidement.
Pour l’avenir, Béatrice souhaiterait mettre en place une structure de microfinance qui soutiendrait la cause des femmes.
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