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.
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.
To strengthen resilient and inclusive green groth by advancing clean energy technologies (CET) through business development in the microfinance sector in Ethiopia
01/11/2014 - 4/30/2017
The project contributed to climate change mitigation by reducing GHG emissions from energy generation through replacing unsustainable energy sources by renewable options.
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.
Grant from the Nordic Climate Facility
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.