FAQ (Frequently Asked
Questions)
Why did you call your
machine a MFRFP?
MFRFP is an acronym that
stands for Multi Functional Rural Fuel Platform. MFP's or Multi Functional
Platforms are well known poverty alleviation systems. We have taken the
original MFP concept and added the rural fuel component to it, so it seems
to make sense to call it a Multi Functional Rural Fuel Platform.
Who will buy a MFRFP?
Our target market is
poor, rural, farming communities in developing countries.
How can the rural poor
afford to buy a MFRFP?
We will provide the
capital for the rural entrepreneurs or communities to buy the equipment.
The rural entrepreneurs or communities will grow oil seeds, use the MFRFP
equipment to produce rural fuel and use some of the proceeds of those
rural fuels sales to pay off the equipment over time.
Are you crazy
loaning money to poor
people that have no collateral?
Grameen Bank has a
repayment rate that would make western banks swoon. When Muhammad Yunis
started the Grameen bank, people said are you crazy!!! making loans to
people who have no collateral. A Noble prize and 6 million customers later
indicates that Muhammad Yunis was not crazy!!!!
Poorer countries tend
to have Forex restrictions, how you will you get your cash out… at best
won't you you just end up with lots local currency?
Kiva.org on a “Peer to Peer”
basis, have now made thousands of loans all made via the internet, worth millions of dollars. Kiva has achieved a 100%
repayment rate with small loans made by individuals in the developed world
to poor, entrepreneurs in developing countries. All these loans were made in US
Dollars or Euros, loaned to the
entrepreneurs in local currency and re-paid in the currency of the
original loan.
What about breakages,
is there a way that you can build a piece of equipment that can withstand
a demanding rural environment
and its propensity to break systems?
In Mali, there are over
450 Multi Functional Platforms, installed and running. All the Mali
platforms have been kept running using local engineering. That is why we
are designing the MFRFP platform to be very durable and repairable with
parts readily available in the country it is being installed in.
Links and Glossary of
terms
Click the links below for
additional web sites that might be of interest and further information
relating to terms that might have been used on this web site:
Links to
additional web site that might be of interest
Glossary of Terms used on this web site
