Elizabeth has been a member of VEP for the last three years. She belongs to one of the groups called Mutuma from central Kenya. As a member, she was among the first women to benefit from a credit to buy a solar package and jikos for her home. The solar package enables her to charge mobile phones and to use a small radio as well as to save on buying kerosene. The jikos (economical cooking stoves) save at least 50 percent of the firewood and the charcoal consumption compared to what she was using before, therefore easing the burden of buying charcoal and collecting firewood daily. The cook stove also reduces smoke emissions, making it better for her health.
Seeing an opportunity, Elizabeth decided to be an entrepreneur by being a distributor for solars and jikos. She approached VEP for financing and received a credit facility that enabled her to purchase small solar systems and jikos to sell to other women in women groups. As she was repaying the loan she also invested some of the profits to grow her business. After clearing the first loan she has approached VEP again for a second loan to boost the stock and she hopes to reap even more profits by targeting larger groups for more sales.
With this credit Elizabeth will be financially stable enough to support her family.
More information about this loan
About Visionary Empowerment Programme
Visionary Empowerment Programme (VEP) is a nonprofit organization that empowers people to build their own enterprises through microfinance, training and other development services. In addition to providing loans to groups of borrowers, it works with established organizations to encourage installation of biogas digesters, solar energy products, clean cooking stoves and other technologies that reduce costs, poverty and greenhouse gas emissions.