Funded

Total loan: $575
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Michel


A loan of $575 helped to purchase and resell improved stoves, solar lamps, and gas stoves.


Michel's story

Michel is a young 28-year-old man who opened a hardware store in order to sell supplies for building construction. His business is six years old and Michel had committed all of his financial resources to the sale of cement, gates, sheet metal, and construction materials.

The partnership between Michel and Nafa Naana began in October 2013 when a Nafa Naana sponsor suggested the sale of energy products like improved stoves, gas stoves, and solar lamps. Being environmentally-conscious, after receiving some operational training from Nafa Naana, Michel decided to purchase 13 improved stoves, 3 gas stoves, and 12 solar lamps, which he would sell in his hardware store located in the Tengandogo neighborhood of the city of Ouagadougou, the capital of Burkina Faso.

As a result, Michel is faced with the financial issue of not being able to pay the bill of 265,150 francs CFA. Nevertheless, the profits generated by this business will allow him to provide for the expenses of his family, namely his wife and child.

The customers in Michel's neighborhood will benefit from this business by decreasing their consumption of firewood from using improved stoves and gas stoves. They will additionally have the ability to light their homes thanks to the use of solar lamps instead of hurricane lamps or battery-powered lamps which a worse for the environment.

Translator profile picture

Translated from French by Kiva volunteer Stephanie Long Phillips



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: January 15, 2014
Facilitated by Field Partner: Entrepreneurs du Monde

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: January 15, 2014
Facilitated by Field Partner: Entrepreneurs du Monde