Consolata is a single mother of 2 girls, one in high school and the other in primary school. She is an entrepreneur selling electronics and cereals to sustain her family. Being a member of one of our groups, she has been on the forefront to promote solar energy through educating other women and referring them to Visionary Empowerment Programme for purchases.
To empower her, we have advanced her this loan to stock her shop with a variety of solar lamps that she can use for demonstration and also sell to make a profit and grow her business. This will make the lamps even more accessible to the clients who will no longer need to pay transport to come collect the lamps from our storage. From the lamps she will make a profit margin of between $2-35 US and this will enable her repay the loan as well as plough some money back into the business for growth.
Being a very influential person in the community, she will be able to reach bigger numbers at the bottom of the pyramid as most people have confidence in her. Demonstrations in the evenings when its dark will also help increase the confidence in the solar lamps which have passed the Lighting Africa standards test of quality. Our motivation is that by empowering Consolata, we will have secured her girls’ education and ensured a better future for them.
More information about this loan
About Visionary Empowerment Programme
Visionary Empowerment Programme (VEP) is a nonprofit organization that empowers people to build their own enterprises through microfinance, training and other development services. In addition to providing loans to groups of borrowers, it works with established organizations to encourage installation of biogas digesters, solar energy products, clean cooking stoves and other technologies that reduce costs, poverty and greenhouse gas emissions.