x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Africa ( XML Feed )

Jun 14, 2016 6:37 EST

Tanzania: A loan of $5,000 helps Global Cycle Solutions Kahama to buy lifesaving stoves to sell to customers in the region.

iCrowdNewswire - Jun 14, 2016

Global Cycle Solutions Kahama

 

 

Borrower image

 

 

Global Cycle Solutions Kahama’s story

Global Cycle Solutions (GCS) distributes improved cookstoves that save its’ customers money, are warrantied and are selected for the East African customer base to be sold by its network of local entrepreneurs called Rafiki (“friend” in Swahili). The person in the photo is one of these based in the Kahama branch of GCS. The entrepreneurs have gone on to earn enough money from sales to buy livestock, improve their houses and educate their children. At the same time, their customers save money on lighting, phone charging, cooking and health costs.

Over the last five years, GCS has become a social enterprise that prides itself in providing opportunities for entrepreneurship for both men and women, and improving lives through better technology.

The GCS Kahama branch will use the Kiva loan to pass credit on to its large network of agents that work out in the Kahama area in Tanzania, and then on to customers who would benefit from the stove the most.

Buying a stove outright with cash is very difficult for most of these people. Through Kiva, GCS will be able to give them a payment process and thus make the purchase of a stove possible for many people who would not have had that opportunity otherwise.

 

 

 

 

This loan is special because:

It distributes clean cookstoves to help families save money and reduce pollution.
 

 

David
Kiva staff

 

More about this loan

This loan is part of BURN’s effort to provide a market-based approach to address the global challenges of deforestation, advanced respiratory illness, global warming and poverty. Kiva loans target BURN’s distribution partners in East Africa. These partners range from small SACCOs to for-profit distribution outfits. Loans will be in-kind for stock purchases of BURN stoves, such as the Jikokoa, a charcoal-burning stove that pays for itself in about three months through cost savings. By supporting this loan, you are helping BURN offer more affordable rates to its local distributors, thereby enabling increased sales of clean cookstoves in the region. 

About Burn Manufacturing Co:

BURN Manufacturing Corporation aims to address the global challenges of deforestation, advanced respiratory illness, global warming, and poverty through its production and distribution of affordable clean cook stoves. BURN manufactures clean burning biomass cook stoves that save families money, reduce CO2 emissions, and save trees. Additionally, BURN is creating more than 200 sustainable design and manufacturing jobs in East Africa for the production of their cook stoves.

 

 

A loan of $5,000 helps Global Cycle Solutions Kahama to buy lifesaving stoves to sell to customers in the region.

 

Contact Information:

Global Cycle

View Related News >
support