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Entrepreneurs du Monde (EdM) is a nonprofit organization that helps low-income families start and develop small businesses. To this end, EdM provides access to capital and a range of other economic, social and environmental services to help improve quality of life.

While EdM works in several countries, its operations in West Africa are based in Burkina Faso, where it facilitates Kiva-funded loans. In particular, the organization uses this funding to expand access to energy-efficient stoves and gas stoves in remote, rural areas where people have typically depended on toxic and labor-intensive traditional stoves that use up to 40% more charcoal or wood. The rising cost of fuel in these places gives energy-efficient stoves a strong competitive advantage.

Kiva provides an important source of flexible, risk-tolerant capital for several of EdM’s stove-focused loan programs, including:

1) Working capital for retailers:Prospective retailers offering gas stoves and gas refills need start-up funds to open stores. The retailers repay EdM on a flexible schedule as they sell the stoves.

2) Loans for stove buyers: Cookstove buyers in remote, rural communities need funding to afford the upfront cost of the equipment. Loans are tailored for both professional buyers, who make and sell street food, produce shea butter or prepare local beer (all these businesses require a lot of wood to boil water and cook the ingredients), and households. Many of these end users are women. Wood savings made possible by using an energy-efficient stove or a gas stove enable them to effortlessly repay the loan within about two months.  

Currently, less than 15% of the population in the rural regions of Burkina Faso has access to energy-efficient stoves or gas stoves, even though they are healthier, cheaper and boost productivity. This can be attributed to the high transportation costs of distributing equipment, limited access to capital for distributors, lack of information about the benefits of energy-efficient stoves, and scarce storage for gas refills in local areas. EdM’s Kiva-funded loan products are designed to eliminate these obstacles and rapidly expand market access for stove producers.

Because the “Save for a stove” project developed by EdM’s core business is not purely microfinance, there is some level of additional risk for lenders. Kiva’s partnership with the organization is unique and unprecedented. For this reason, Kiva has not assigned EdM a risk rating.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 1, 2012 Oct 12, 2005
Total Loans $12,400 $623,097,275
Amount of raised Inactive loans $0 $271,100
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $0 $127,717,350
Number of Paying Back Loans 0 139,649
Amount of Ended Loans $12,400 $495,108,825
Number of Ended Loans 19 625,088
Delinquency Rate 0.00% 4.89%
Amount in Arrears $0 $4,135,822
Outstanding Portfolio $0 $84,655,758
Number of loanDelinquent 0 22,734
Default Rate 0.00% 1.14%
Amount of Ended Loans Defaulted $0 $5,621,865
Amount of Ended Loans $12,400 $495,108,825
Number of Ended Loans Defaulted 0 17,370
Currency Exchange Loss Rate 0.00% 0.11%
Amount of Currency Exchange Loss $0 $679,886
Refund Rate 0.00% 0.74%
Amount of Refunded Loans $0 $4,586,900
Number of Refunded Loans 0 5,124

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.37% 74.17%
Average Loan Size $653 $418
Average Individual Loan Size $653 $654
Average Group Loan Size $0 $1,836
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,600 $3,409
Average Loan Size / GDP per capita (PPP) 40.79% 12.27%
Average Time to Fund a Loan 0.37 days 5.78 days
Average Dollars Raised Per Day Per Loan $1,769.12 $72.34
  Average Loan Term 6.58 months 10.51 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 312,552
  Journaling Rate 10.53% 42.19%
  Average Number of Comments Per Journal 0.50 0.07
  Average Number of Recommendations Per Journal 0.00 1.77

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR N/A 33.35% PY
  Profitability (return on assets) -5% N/A -1.49%
  Average Loan Size (% of per capita income) N/A N/A 38.01%

Country Fast Facts

Field Partner Staff

Lydie Ballet
Stéphanie Dietsch
Sayouba Guira
Claire Le Ster
Fathi Nouira
Marion Quintin