Arc Projects: XacBank
Linking Energy and Microfinance: Promoting Innovations That Foster Scale
With support from the Citibank Foundation, Arc published and disseminated in-depth research on innovative affordability mechanisms for off-grid, clean energy. The projected documented how these financial products – including lending, savings, remittances and leasing products – have dramatically improved the livelihoods of poor people around the world.
For details on this project, click here.
Arc Knowledge Products: XacBank
XacBank’s Eco-Banking Department — Improving Air Quality with Credit, Carbon Finance and Smart Subsidies
Ulaanbaatar, Mongolia ranks as one of the most polluted urban areas on the planet. In 2009, XacBank, Mongolia’s largest microfinance institution (MFI), made a commitment to address this public health threat head-on. XacBank’s evolving model combines innovative approaches to product development, quality assurance, consumer education, logistics and distribution. XacBank is also among the first MFIs to leverage carbon revenues to help sustain operations. Read our Case Study (PDF). ►