Sidi used to set up a diesel power generator in his potable water distribution process. But, this system was highly detrimental to the environment. Moreover, with this kind of system, the cost to provide clean water depends on the oil price, which has been skyrocketing over the past few years. Considering all those issues, Sidi has developed a new solution he would like to implement for all the equipment, starting with the village of Wouloumbouni. He intends to replace diesel power generators with solar plants for uninterrupted access to clean water.
Sidi is asking for a $15,000 loan to purchase and implement this new solution in Wouloumbouni, at the border with Senegal. Thanks to your help, Sidi will be able to provide continued access to clean water to the 3,000 inhabitants of Wouloumbouni, with eco-friendly solutions!
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With Kiva lender funding, Investisseurs & Partenaires (I&P) will be able to grant loans of $10,000 to $50,000 to African businesses that have outstanding social and/or environmental impact. In particular, Kiva loans go to business owners who need additional working capital, but cannot access or afford to pay interest on commercial loans.
About Investisseurs & PartenairesInvestisseurs & Partenaires (I&P) is an impact investment group that takes equity stakes in small and medium enterprises in sub-Saharan Africa to provide them with capital, management support and technical assistance. The goal is to give entrepreneurs the resources they need to make a positive social impact and a stable income. At the same time, I&P investors can earn a below-market rate of return of 2 to 3% a year to make the cycle sustainable.
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