The loan will help him buy a stock of improved stoves and biomass pellets, which together replace charcoal. He will then sell them and start building towards his dream. He is also motivated to be apart of the fight against deforestation and he loves teaching people about that as well as introducing chefs to a sustainable way of cooking.
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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