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.
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