Monday, March 23, 2015

Pteah Baitong is born!


Entrepreneurs du Monde (EdM) is proud to announce the creation of its new brand and distribution channel in Cambodia: Pteah Baitong (Khmer for “Green Homes”). The aim of EdM’s distribution channel is to enable the most deprived households of rural and peri-urban areas in Cambodia to access cleaner, more efficient but also money-saving energy solutions.


Offering energy alternatives


Unlike its predecessor in some other countries, Pteah Baitong is developed in a specific context. Indeed, even if the population’s connection to the electrical grid is low (25% of the households), numerous families use the batteries of the cars or motorbikes to get power. Batteries are recharged thanks to small generators and can light 1 or 2 bulbs, 1 phone or a TV. These solutions are expensive for the households and are not environment-friendly. That’s why Pteah Baitong is leading an important awareness campaign in the villages to promote adapted, cleaner and more sustainable energy solutions. 


Accessing energy through social microfinance


In partnership with Chamroeun, social Microfinance Institution created and supported by Entrepreneurs du Monde, Pteah Baitong commercialized solar lighting kits for professional and domestic use in two rural areas of Kampong Thom’s provinces. Until today, the network has sold 350 lanterns and solar kits, 20% of which thanks to a micro loan granted by Chamroeun. During the three next months, in order to meet the needs of the Cambodian market and precarious families, the activities will spread into two new areas and the range of solar products proposed by Pteah Baitong will widen.



Congratulations to the team. We wish Pteah Baitong a success as wonderful and promising as the one of its counterparts in BurkinaFaso, Haïti or Togo!




Wednesday, November 19, 2014

Grihashree signs its first contract!


STEP, Entrepreneurs du Monde’s partner in India just launched a project of access to domestic work in Kolkata, and since, a first contract has been signed!


Why this Project?  

India is still today a traditional country where underprivileged women’s role is often reduced to homemaking and/or to domestic work in wealthy families in affluent neighborhoods. In India, domestic employment can be quite humiliating for women who are in vulnerable positions, and who often face insults and are exposed to poor working conditions with very few guarantees or protection: low salaries, late payments, abusive or overloaded schedules, etc.
On the other hand, for employers, it is often difficult to find domestic workers that respond to their specific needs. STEP decided it was necessary and important to facilitate the linkage between domestic workers and employers, while also carrying out awareness and promotion activities. 

 

Grihashree, how does it work?

Families looking for a domestic worker pay an annual fee to STEP and commit themselves contractually: respect of work schedules and tasks specified in the demand, and payment of decent rates according to the hours worked. Once the contract is signed, STEP organizes interviews with domestic workers having qualifications corresponding to the specific needs of the families. Previously to this, STEP identifies and supports women in search of domestic employment through training (professionalism, dress code, communication, conduct, health and use of modern appliances) held during the six weeks preceding an interview with a potential employer. At the time of hiring, a number is given to employees and employers in case of problems or abuse of any kind. 

Today, 17 women have been trained and are ready to be hired and the first contract with an employer has been signed!

Thursday, October 2, 2014

Sont Oo Tehtwin received the required license to deliver services in Myanmar!



After 3 years of negotiations, Burmese authorities have officially registered Entrepreneurs du Monde as an international NGO in Myanmar in 2013. The microfinance programme Sont Oo Tehtwin has then been launched in February 2014 through a pilot phase as the operational phase of this exciting programme had to wait for the Microfinance license that we finally obtained the 28 August 2014!!



Sont Oo Tehtwin : financial services for the most underprivileged 

Myanmar is the poorest country of South-East Asia and the working conditions there are precarious. Only 20% of the population has access to financial services and microfinance – a sector which recently emerged in the country- covers only 5% of the population. As the country opens up and the microfinance sector grows, Entrepreneurs du Monde wishes disseminate a social and responsible approach of microfinance in order to avoid a trend towards commercial practices that could affect vulnerable populations.

SOO aims at answering to the important needs of financial services and at fighting against the extreme precariousness poverty from which suffer especially the most vulnerable women in urban and peri-urban area of Yangon, where population density is very high, informal economy predominates and where access to capital and trainings for the most vulnerable is extremely limited (beyond the ones offered by usurers).

An adapted social microfinance offer 

Currently, the offer includes financial services (productive loans, compulsory and volunteer savings) granted individually without bond through a group methodology with a weekly repayment to the leader of the group who then transmit the money to the credit officer. There are also socio-economic services mixing compulsory monitoring session with economic and social trainings once a month. Combined, those different services enable the beneficiaries to get all the necessary keys to develop a generating income activity while ensuring a stable and conducive environment to improve their socio-economic conditions.  

By the end of the year, the objective is to reach 1 000 beneficiaries, including at least 800 of them accessing a loan and the remaining 200 accessing savings. In order to reach those objectives, we still have to find 30, 000 Euros this is why we need your support!  

SOO has the purpose to be cost effective and to expand its reach in the coming years by developing a range of financial services (loan adapted to farmers and cooperatives needs) and socio-economic services (creation of business, skills trainings and new social awareness training modules) in order to improve our services and answer the targeted population needs. In a longer term, individual social monitoring services, referral toward others specialized institutions as well as collective and individual professional monitoring will be developed.





Monday, September 15, 2014

S.E.E.D. AND HIS ENTREPRENEURS ARE ON KIVA!



April 24, 2014 marks the beginning of the partnership between KIVA and SEED, the Microfinance Institution partner of Entrepreneurs du Monde in the Philippines. A few weeks after the launch, already 20 loans were granted by users to small entrepreneurs living in Metro Manila and Cavite Province.



About KIVA 


KIVA is one of the many crowd funding platforms which finance projects start up, using as a channel for linking between project leaders and people wishing to invest in these projects. Kiva - a nonprofit organization founded in 2005 in San Francisco- allows users to lend money to Microfinance Institutions (MFIs) in developing countries. These MFIs lend what themselves received to people in the countries in which they operate. Since 2005, 1,221,041 people have lent money on Kiva, representing more than 609 M$ in loans. 673, 080 loan demands have been financed through 275 local partners in 78 countries. The reimbursement rate is 98, 79%.

 

About S.E.E.D. Center Philippines Inc.


Social Enhancement for Entrepreneurial Development (S.E.E.D.) - local NGO- operates though 4 agencies located in the slums of the suburb of Metro Manila and the rural Rizal province.  In addition to socioeconomic services, saving services and micro insurance, S.E.E.D. develops 6 microcredit products. These are suitable for « classical » micro entrepreneurs (Pag Babago) ; entrepreneurs developing a small social enterprise addressing the triple bottom lines in terms of economic viability, promotion of social equity and ecological soundness (Pag Unlad) ;  small farmers (Pag Sisikap) ; sewing group members (Pag Kakaisa) ;  and can also give a boost for very poor people, the disabled, the elderly (Pag Asa) or finally to people affected by natural disasters (Calamity). These services aim to support poor people in developing their income generating activity and fight against poverty.


KIVA funding for what?


Newly acquired loans were used to finance 20 entrepreneurs’ projects such as sari sari stores, food/market stalls, handful of services (repairs of appliance, sewing shops…) In July, Kiva increased S.E.E.D.’s credit limit to 50, 000$ instead of 20, 000$, strengthening the partnership and giving more opportunities to S.E.E.D. partners. S.E.E.D. will use KIVA financing to expand to new areas and increase in particular the outreach of the products dedicated to specific populations: the most underprivileged, the members of the shared sewing facility centers, the micro-entrepreneurs operating social enterprises with a triple bottom line.



You too go to KIVA Platform and help a partner from S.E.E.D. !