The total amount of Fatimata's bill is 284,900FCFA, which she is unable to pay. A loan of this amount would enable her to begin her activity and generate additional income for her business and to contribute to her co-spouses' cooking, to the improvement of their health and the protection of the environment.
Le montant global de la facture est de 284 900 FCFA et Fatimata n’est pas à mesure de payer. Un prêt de ce montant lui permettra de démarrer l’activité afin de créer des revenus supplémentaires pour son commerce et de contribuer à la facilitation de la cuisine de ses coépouses du quartier, à l’amélioration de leur santé et à la protection de l’environnement
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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