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Oct 17, 2016 8:39 EDT

Zambia: Shiliya Market Women’s Group – A loan of $3,525 helps a member to buy a gas stove.

iCrowdNewswire - Oct 17, 2016

Shiliya Market Women’s Group

Chongwe, Zambia / Home Energy
Borrower image

Shiliya Market Women’s Group’s story

Caroline, who is holding a tomato in her hand in the picture, is 46 years old. She is single, divorced and has 3 children, of whom two are still going to school.

Caroline sells onions and tomatoes in a large market near the road side. She enjoys her business very much because she is able to buy what she needs to live and pay for her children’s schooling. She dreams of a bright future for her children. She has been selling onions and tomatoes for 10 years and her main challenge is that during the hot season the business slows down and the tomatoes go to waste.

Caroline will use this loan to buy a gas cooking stove and pellets to cut down the hardship of looking for firewood. There are no more trees around as they have all been cut down, so buying the stove and pellets will provide a good solution.

In this group: Veronica, Elidah, Cleopatra, Grace, Felistus, Nalwamba, Ellen, Caroline, Precious, Martha
*not pictured 

This loan is special because:

It helps small entrepreneurs sell smoke-free pellet stoves for steady income. 

Newton Nthiga
Kiva staff

More about this loan

ECS’ Entrepreneurial Loans enable small entrepreneurs and institutions to purchase smoke-free-pellet stoves and fuel pellets. The entrepreneurs will purchase 10-50 stoves for resale and then continue servicing the stoves after resale. Additionally, the borrower becomes the local supplier of the smoke-free pellets that fuel the stoves, thus securing long-term income. Kiva’s low-cost, risk-tolerant capital allows ECS to offer 0% interest financing to these entrepreneurs, which in turn, allows the entrepreneur to sell the stoves at low margin and increase his/her customer base. By supporting this loan you are helping create a steady source of income for entrepreneurs.

About Emerging Cooking Solutions Zambia:

Emerging Cooking Solutions (ECS) is a private company that sells clean cooking stoves and sustainable fuel pellets. ECS aims to replace the use of charcoal for cooking with renewable fuel pellets that save forests, reduce CO2-emissions, improve people’s health and generate new tax revenue.

Kiva’s partnership with ECS helps them bring affordable clean stoves and sustainable energy solutions to urban families who use expensive and smoky charcoal stoves. Kiva funding will not only benefit urban communities making the switch to clean energy, but will also benefit the entrepreneurs who earn a secure, long term income by distributing the clean stoves and fuel pellets.

A loan of $3,525 helps a member to buy a gas stove.

Contact Information:

Shiliya Market Women's Group

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