REEEP

Millennium Development Goal Financing Facility (MDGFF) ? Participatory Business Planning

Purpose

To lift significant numbers of the poor out of poverty through their ownership of financially, environmentally, and socially sustainable ventures, utilising renewables and energy efficiency - provided services and infrastructures.

Main activities and outputs

Development of a business plan for the Energy - MDG Facility, including:

• Governance and Agreements
• Establish the Facility
• Define the Operational Structure                   
• Selection and Grant-Making Procedures
• Define Monitoring and Evaluation System
• Define Facility Services and Technical Assistance                                                                                                            
• Legal
• Production of required legal documents
• Launch of Pilot Facility

Once operational the Facility will draw on various sources for: grant and equity funds (e.g.,Fondazione Cariplo, Fondazione Monte dei Paschi) to scale up partner venture creation activities and to create new partners; equity investment in the ventures (local sources and GEEREF); and debt (Consorzio Etimos/local sources).

Expected impacts

• Expansion of the number of participating entrepreneurs in the models developed by the existing MOSAICO partners.
• Expansion of partners by at least four in the first year of operation to begin the 3-4 year cycle of assessment, venture selection, pilot project, and replication through which each partner will, in turn, create small ventures in Brazil and Mozambique.