Creating a Link between Energy Services and Income Generation using Innovative Financing Catalyst

Purpose

  • To promote innovations to increase access of energy services to rural poor through a multiple approach focused on income generation, innovative financing mechanisms and service delivery mechanisms.
  • Secondly, the project aims to ensure that more energy services-based income-generating products, new credit mechanisms and creative marketing methods are infused into the targeted markets.

Main Activities

  • Analyse the various target segments of SEWA Bank;
  • Identify the appropriate energy service for the selected target segments of SEWA Bank and the financial institutions in Karnataka;
  • Demonstrate the particular energy service to the targeted segments and potential entrepreneurs from the selected segments;
  • Work with the respective financial institutions to create the appropriate financing mechanism for the end-user and entrepreneur.

Expected Impact

  • Establishment of strong links between energy services and income generation and between poverty and lack of energy services;
  • Increased energy service affordability through flexible financing;
  • Increased income and/or increased quality of life for the end-user and increased local employment.

Related News

Programme sector: 

RE & EE (Business&Finance)

Stage of project: 

Completed

Location: 

BT/Bhutan, IN/India, LK/Sri Lanka

Duration: 

2006 - 2008

Budget: 

€ 106,000 including co-funding from SEWA Bank

Implementing agency: 

SELCO Solar Light (P) Ltd

REEEP grant funded by:

United Kingdom