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Lassané
Mr. Lassané, a new partner of Nafa Naana for the distribution of energy-saving products (improved stoves, gas stoves, and a variety of solar lamps), has need of financing in the amount of 265,150 francs CFA to start his business. This amount corresponds to the acquisition of a stock of 13 improved stove, 3 gas stoves, and 12 solar lamps.

Lassané is a 45-year-old married father of five. He opened his own hardware store two years ago and wants to include with it the sale of energy-saving products and also to increase his revenues. The additional revenues to be generated from selling Nafa Naana products will enable him to meet family needs, including all his children attending school.

Lassané envisions continuing his partnership with Nafa Naana to achieve his goal of improving his revenues and thus his living conditions. He says he still wants to be an ambassador for environmental protection in his district of Barga, Ouagadougou City, and for enabling people to save money and to save on healthcare costs.
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Nouveau partenaire de Nafa Naana pour la distribution de produits énergie (foyers améliorés, foyers à gaz et lampes solaires diverses), Lassané a un besoin financier de 265 150 FCFA pour commencer l’activité. Ce montant correspond à l’acquisition d’un premier stock de 13 foyers améliorés, 3 foyers à gaz et 12 lampes solaires. Lassané, âgé de 45 ans, marié et père de cinq enfants a ouvert sa quincaillerie depuis deux ans et veut associer la vente des produits énergie pour contribuer à la protection de l’environnement et également augmenter ses revenus financiers. Les revenus additionnels qui seront générés grâce à la vente des produits Nafa Naana lui permettront de subvenir aux besoins de sa famille dont tous les enfants vont à l’école. Lassané envisage de continuer son partenariat avec Nafa Naana pour atteindre son objectif d’améliorer ses revenus et ainsi sa vie. Il dit vouloir toujours être un ambassadeur pour la protection de l’environnement dans son quartier Barga de la ville de Ouagadougou et de permettre aux populations de réaliser des économies d’argent et de santé.

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
  • 26
    View loans »
    Burkina Faso Loans Fundraising
  • $1,823,100
    Funds lent in using Kiva
  • 481.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lassané to do commerce in improved stoves, solar lamps, and gas stoves.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 15, 2014
Listed
Feb 10, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 31, 2014