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Michel
Michel is a young 28-year-old man who opened a hardware store in order to sell supplies for building construction. His business is six years old and Michel had committed all of his financial resources to the sale of cement, gates, sheet metal, and construction materials.

The partnership between Michel and Nafa Naana began in October 2013 when a Nafa Naana sponsor suggested the sale of energy products like improved stoves, gas stoves, and solar lamps. Being environmentally-conscious, after receiving some operational training from Nafa Naana, Michel decided to purchase 13 improved stoves, 3 gas stoves, and 12 solar lamps, which he would sell in his hardware store located in the Tengandogo neighborhood of the city of Ouagadougou, the capital of Burkina Faso.

As a result, Michel is faced with the financial issue of not being able to pay the bill of 265,150 francs CFA. Nevertheless, the profits generated by this business will allow him to provide for the expenses of his family, namely his wife and child.

The customers in Michel's neighborhood will benefit from this business by decreasing their consumption of firewood from using improved stoves and gas stoves. They will additionally have the ability to light their homes thanks to the use of solar lamps instead of hurricane lamps or battery-powered lamps which a worse for the environment.
View original language description ↓
Michel est un jeune de 28 ans qui a ouvert une quincaillerie pour vendre du matériel destiné à la construction de bâtiments. Son activité a vu le jour il y a six ans et Michel tire toutes ses ressources financières à travers la vente de ciment, portails, tôles, matériel de construction. L’histoire du partenariat entre Michel et Nafa Naana remonte en octobre 2013 où il a été démarché par un animateur de Nafa Naana pour voir la possibilité d’associer la vente de produits énergie tels que les foyers améliorés, les foyers à gaz et les lampes solaires. Amoureux des questions liées à la protection de l’environnement, après une formation dispensée par Nafa Naana sur la gestion, il décide d’acheter 13 foyers améliorés, 3 foyers à gaz et 12 lampes solaires qu’il vendra dans sa quincaillerie située dans le quartier Tengandogo de la ville de Ouagadougou capitale du Burkina Faso. Cependant, Michel est confronté à un problème de trésorerie qui ne lui permet pas de payer la somme de 265 150 FCFA qui correspond au montant de la facture. Pourtant les revenus générés par l’activité lui permettront de faire face aux dépenses de sa famille composée de sa femme et un enfant.
Les clients de son quartier et environnent bénéficieront de cette activité suite la diminution de la consommation en bois de chauffe dûe à l’utilisation des foyers améliorés et foyers à gaz. Ils auront en plus la possibilité d’éclairer leur maison grâce à l’utilisation des lampes solaires au détriment des lampes tempêtes ou lampes à piles qui sont des polluants de l’environnement.

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
  • 16
    View loans »
    Burkina Faso Loans Fundraising
  • $1,415,225
    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 Michel to purchase and resell 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 11, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014