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Jun 10, 2016 5:21 EST

Haiti: A loan of $650 helps Jean-Mary to purchase additional stock and expand his efficient cook stove business.

iCrowdNewswire - Jun 10, 2016

Jean-Mary

 

 

Port-au-Prince, Haiti / Renewable Energy Products

 

 

Borrower image

 

 

Jean-Mary’s story

Jean-Mary is proud husband and father of two who lives in Delmas 33, Port-au-Prince. He started as a distributor of fuel efficient cook stoves in September 2015, and since then has made tremendous progress and regularly brakes monthly sales records. In Jean-Mary, you can see the traits of a genuine entrepreneur, and you often witness Jean-Mary in his community with two cook stoves in hand knocking on doors and selling the cook stoves.

Jean-Mary is a well-respected within the distributor circle, and like many others relies on the income generated from the cook stoves to support his family (a distributor typically earns $3 on the sale of a cook stove). Jean-Mary’s home community is now well and truly matured, and it is time for him to penetrate new markets outside of his home community. To do this, he is seeking additional capital to purchase a larger quantity of stock (85 cook stoves).

 

 

 

 

This loan is special because:

It provides an ecological and healthy way of cooking.
 

 

Juan
Kiva staff

 

More about this loan

This loan will help D and E provide efficient cooking stoves to retailers in Haiti. Retailers, who typically own pre-existing small businesses and wish to add stoves to their inventories, are responsible for repaying the cost of the stoves to D and E in installments over the course of the loan term. These stoves help end users reduce their charcoal expenses (these stoves use on average 50% less charcoal than traditional cook stoves) and avoid health complications caused by cooking over open fires. In addition to economic and health savings, the greater fuel efficiency improves environmental outcomes, reducing carbon emissions and alleviating pressure on Haiti’s forests, which are already severely depleted.

About D and E Green Enterprises:

D&E Green Enterprises is a social enterprise that provides an alternative to inefficient and polluting charcoal cookstoves by manufacturing energy efficient cookstoves locally. D&E uses Kiva capital to provide loans to its distributors for buying inventory, motorbikes or marketing materials.

 

 

A loan of $650 helps Jean-Mary to purchase additional stock and expand his efficient cook stove business.

 

 

Contact Information:

Jean-Mary

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