PALMIS Enèji received its first loan from Kiva via Entrepreneurs du Monde in May 2015. After a period of economic slowdown due to political unrest in the second half of 2015, the social business enjoyed significant growth during the first quarter of 2016. February and March of this year were the most productive months since the launch of the company in 2013. As a result, PALMIS Enèji’s outreach grew to an estimated 20,500 households in May 2016 compared to 12,000 a year and a half ago. The company is expected to disseminate 10,000 new energy equipments during the course of 2016 and is therefore requesting a new loan of 25,000 USD which will be used to import and stock clean energy products to meet customer demand. Stéphanie, on the picture, is the oldest member of Palmis Enèji’s promotion team and has been with the company since its very first days.
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Kiva provides an important source of flexible, risk-tolerant working capital for social businesses in EDM’s network so that they can import and stock clean energy products to meet customer demand and positively impact health and the environment in impoverished communities around the world.