He is asking for a loan to buy a stock of gasifying cook stoves and biomass pellets to sell to other restaurant owners in the market. He is a respected leader there and wants to promote and sell a healthier, faster, cheaper alternative to the charcoal they use to cook in their restaurants. He also wants to help save the forests of Zambia, which are being cut down to make charcoal. The money he will gain will give him capital to develop his restaurant and a food supply business.
More information about this loan
ECS' Entrepreneurial Loans enable small entrepreneurs and institutions to purchase smoke-free-pellet stoves and fuel pellets. The entrepreneurs will purchase 10-50 stoves for resale and then continue servicing the stoves after resale. Additionally, the borrower becomes the local supplier of the smoke-free pellets that fuel the stoves, thus securing long-term income. Kiva’s low-cost, risk-tolerant capital allows ECS to offer 0% interest financing to these entrepreneurs, which in turn, allows the entrepreneur to sell the stoves at low margin and increase his/her customer base. By supporting this loan you are helping create a steady source of income for entrepreneurs.
About Emerging Cooking Solutions:Emerging Cooking Solutions (ECS) is a private company that sells clean cooking stoves and sustainable fuel pellets. ECS aims to replace the use of charcoal for cooking with renewable fuel pellets that save forests, reduce CO2-emissions, improve people’s health and generate new tax revenue.
Kiva’s partnership with ECS helps them bring affordable clean stoves and sustainable energy solutions to urban families who use expensive and smoky charcoal stoves. Kiva funding will not only benefit urban communities making the switch to clean energy, but will also benefit the entrepreneurs who earn a secure, long term income by distributing the clean stoves and fuel pellets.
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