VILLAGEBOOM MICRO FOND
The VILLAGEBOOM Micro Fund has been established to provide interest free loans as start-up capital to independent micro entrepreneurs. It is funded through donations and the profit from selling LED bulbs in developed markets.
Here is an example how the VILLAGEBOOM Micro Fund enables more kerosene users around the world to benefit from a solar light.
The Micro Fund provides an interest free loan to entrepreneurs who want to become a solar lamp re-seller. The chosen candidates are trained and appointed VILLAGEBOOM agents. With their interest free loan they have the cash to purchase solar lamps in bulk quantity and re-sell them in singles at a higher price. They use part of their income to re-pay their loan. This cash is then re-lent to other VILLAGEBOOM agents so that the distribution extension and thereby the creation of new jobs is self-financed. More and more kerosene lamp users will have access to solar lamps and enjoy a better light at lower costs.
If you want to increase the size of the VILLAGEBOOM Micro Fund, buy a VILLAGEBOOM LED bulb. With every purchase, VILLAGEBOOM donates one solar lamp to the Micro Fund.