Ethiopia
Climate finance

Clean Energy Promotion through Microfinance in Ethiopia

This project led by MicroEnergy International in Ethiopia aims to strengthen resilient and inclusive green groth by advancing clean energy technologies through business development in the microfinance sector.

An initiative of MicroEnergy International

Overview of the project

The project initiated an innovative and replicable mechanism to finance clean energy technologies (CET) for households and small and middle size enterprises (SMEs) through a microcredit financing mechanism. During the project, a business concept was established for three Ethiopian microfinance institutions (MFIs), with a total of more than 200,000 existing clients.

Objective

To strengthen resilient and inclusive green groth by advancing clean energy technologies (CET) through business development in the microfinance sector in Ethiopia

Level of progress

Ongoing research

Project timeline

01/11/2014 - 4/30/2017

Quantitative results

The project contributed to climate change mitigation by reducing GHG emissions from energy generation through replacing unsustainable energy sources by renewable options.

Qualitative results

The project developed the entire supply chain for high-quality, clean energy technologies for low-income markets.It trained the microfinance institutions and clean energy technology providers in the execution of the new credit mechanism.

Financing

Grant from the Nordic Climate Facility

About the
organisation

MicroEnergy International

website
Tobi Olutunmbi
Consultant
maria.vicentegarcia@microenergy-international.com
+49 (30) 346 46 12-0

MicroEnergy International is a private consulting company with more than 20 employees and a strong background in energy engineering and economics, development finance, management and social sciences. Our company has more than ten years of experience in more than 35 countries in Latin America, Africa and Asia. MicroEnergy International works with financial institutions, energy product & service providers, international development actors and research institutions to set up clean energy sustainable financing schemes. In this framework, MEI takes care of the overall project management (from planning through implementation to evaluation), thereby designing, evaluating and optimizing energy products and services, and ensuring that financial instruments are tailored to the needs of the business sector and end-users. MEI finally strengthens its activities through scientific quality management, in partnership with research institutions worldwide, and offers a variety of training opportunities.

Find them on
A project
in collaboration /div>
  • Gaia Consulting Oy

    Business - Industry

    website
    35896866620
  • Buusaa Gonofaa Microfinance SC

    Business - Industry

  • Harbu Microfinance Institution SC

    Business - Industry

Climate Chance

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Registered adress
21 rue du Faubourg Saint-Antoine, 75011 Paris

Contact us
association@climate-chance.org

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Conception & réalisation :
Yann Rolland
Thibaut Caroli

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