More from: microfinance

ESAF Small Finance Bank: Pioneering a Retail Distribution Network Through Financing Clean Energy, Webinar, October 2017

In India, energy access is a huge challenge; 80 million households have little or no access to grid electricity due to the limits of grid penetration and the geographies in which they live. Providing quality, safe and reliable alternatives to kerosene and other traditional fuels means addressing two main challenges: distribution and affordability.

This webinar was based on the recently published case study on the energy lending program of ESAF Small Finance Bank, one of the seven MFI partners receiving TA from the PACE-D TA Program. The webinar will share the insights and knowledge gained under the Program for a broader audience in India and beyond including MFIs, renewable energy companies, donors and investors.

ESAF began as the Evangelical Social Action Forum, which expanded to include ESAF Microfinance and, in 2017, it became ESAF Small Finance Bank. Working in states where solar penetration across rural and peri-urban markets is growing due to the inconvenience of the inconsistent grid, ESAF is a genuine pioneer in the Indian clean energy finance sector. It has an extraordinarily broad retail offering that ranges from solar home systems and water purifiers to washing machines, offered with a loan model and cross-selling strategy that makes the company as much an asset financer as a microfinance institution.

In this way, ESAF is one of the most important players in the distributed renewable energy sector – an early mover, with its clean energy business operated through the broad ESAF retail distribution network, and now with a Small Finance Bank licence, which means reaching a wider network of new customers.

This webinar addressed ESAF’s energy finance program, how the PACE-D TA Program has worked to scale up ESAF’s energy finance program, the outcomes and lessons learned from this initiative, and ESAF’s future plans. View webinar here: http://bit.ly/ESAFwebinar.


A Vision for Energy Access in Rural Pakistan — a Conversation with Fiza Farhan, CEO of the Buksh Foundation

The Buksh Foundation is a young, up-and-coming microfinance institution based in Lahore, Pakistan. In 2010, the organization piloted a clean energy loan program to help business clients better cope with Pakistan’s escalating electricity crisis. In this episode, CEO Fiza Farhan discusses the MFI’s vision of expanding energy access, and the diverse activities – including product design – that it engages in to realize it.

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Financing Small Scale Off-Grid Clean Energy: Opportunities and Challenges for Arc’s REMMP Partners in India

Arc’s REMMP India Partners meet for a full day of strategy building and knowledge sharing in Delhi

Financing Small Scale Off-Grid Clean Energy: Opportunities and Challenges for Arc’s Partners, a workshop in Delhi, India organized by Arc Finance in conjunction with USAID, brought together microfinance institutions (MFIs), energy enterprises, a crowdfunding platform, and an MFI apex funder for a day-long strategy session.

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Financing Small Scale Off-Grid Clean Energy: Opportunities and Challenges for Arc’s Partners

August 1, 2014, Delhi, India

This workshop, organized by Arc Finance in conjunction with USAID, brought together microfinance institutions (MFIs), energy enterprises, one crowdfunding platform, and apex organizations for a day-long strategy session. USAID’s Renewable Energy Microfinance and Microenterprise Program (REMMP), implemented and managed by Arc Finance, is designed to improve access to modern energy services in underserved communities. Arc Finance and USAID aim to demonstrate the commercial viability of consumer payment models (including microfinance, remittances and pay-as-you-go models); facilitating investment for clean energy financing; and improving the capacity of the private sector to finance clean energy.

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Arc Finance Partners Milaap.org and DCBS profiled at Paris Crowdfunding Event

Yara Akkari of Arc Finance tells an expert audience how Indian crowdfunder and Arc partner Milaap.org is bringing new financial channels to small-scale renewable energy sector

Arc Finance’s Remittance Specialist and East Africa Manager Yara Akkari was in Paris on June 17th to speak on a crowdfunding panel at the CrowdTuesday event – a regular platform that brings together various stakeholders in the crowdfunding industry at the local and regional level. CrowdTuesday is run by the European Crowdfunding Network (ECN), and organized by Alex Raguet, ECN’s French Ambassador.

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ASCOA Seventh Microfinance Panel: Financing Solutions for Clean Energy in Latin America

Niki Armacost discusses Financing Solutions for Clean Energy in Latin America at the Americas Society/Council of the America’s 7th Microfinance Panel in New York City, January 30, 2014. She is joined by panelists Gregory Watson, Head, Strategic Planning and Team Leader, Clean Energy, Multilateral Investment Fund, Inter-American Development Bank and Amy Wang, Investment Officer, Global Social Investment Funds, Deutsche Bank Trust Company Americas. Moderated by Christian Gómez, Jr., Director of Energy, Council of the Americas.


Utkarsh Pilot Kicks Off Amidst Great Expectations

Arc/REMMP’s five-branch energy finance pilot program begins in Uttar Pradesh

As one of India’s most successful and dynamic microfinance institutions (MFIs), Utkarsh is one of Arc’s most exciting partner organizations under its USAID-funded Renewable Energy Microfinance and Microenterprise Program (REMMP). The partnership offers a fantastic opportunity to “piggyback” Utkarsh’s nascent energy lending program on top of its underlying vigorous growth. Following a multi-month process, Arc Finance’s pilot program with Utkarsh has just begun renewable energy finance operations in Uttar Pradesh.

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WSDS and Arc Finance: Financing and Disbursing Renewable Energy Technology to Remote Communities in Manipur

The Weaker Section Development Society (WSDS) is one of seven microfinance institutions (MFIs) that Arc Finance currently assists under its USAID-funded Renewable Energy Microfinance and Microenterprise Program (REMMP). A small but fast-growing, community-based MFI, WSDS operates in the central and southern districts of India’s northeastern state of Manipur and has recently begun finance and disbursals of solar home system components to underserved communities.

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Microfinance Summit, Manila 2013

This day-long, pre-event workshop, held in conjunction with the 2013 Microcredit Summit in Manila, was organized by Arc Finance and brought together high-level representatives from MFIs, energy enterprises, government entities and donors to engage MFIs on financing renewable energy. This video series was made possible with generous support from USAID.


How Pre-Payment and Microfinance Can Build “Micro-Power Economies”

INENSUS is a young, off-grid energy company based in Germany that develops solar/wind-hybrid microgrids for developing countries’ remote rural regions. The company’s “Micro-Power Economy” model, currently being employed in Senegal, centers on supporting both income-generating as well as household energy activities to truly catalyze local village economies.

Arc Finance recently caught up with Jakob Schmidt-Reindahl, managing director of INENSUS’ Senegal operations, to discuss the company’s clients, pre-payment approach, and role that microfinance plays in helping to realize the micro-energy economy.

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What Do Solar, Mobile and Microfinance Have in Common? Meet Fenix International.

Fenix International is a Silicon Valley based renewable energy company that designs and manufactures income generating energy solutions for mobile telecoms in emerging markets. The company has developed the ReadySet, a plug-and-play smart battery that charges by solar panels or bicycle dynamo to power mobile phones, lights, and many devices powered by USB or Car Lighter Adapters. The ReadySet is sold by MTN, Africa’s largest mobile phone company, through its network of retail outlets in Uganda. The end customers are micro entrepreneurs who use the ReadySet to make additional income from charging phones in off-grid rural areas.

In a conversation with Arc Finance, Brian Warchawsky (Chief Operating Officer) and Peter Glenn (Business Development and Sales Manager) explain how Fenix combines its core skills to ensure that its products work not only for the customer, but for the whole chain from manufacturing, to distribution and financing.

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Using Energy Products and Other Initiatives to Spur Growth at a Philippine MFI

Since its founding in 1984, the Negros Women for Tomorrow Foundation (NWTF) has explored a range of ways to live up to its mission of helping poor Filipino women achieve self-sufficiency and self-reliance. NWTF offers an impressive array of products, including micro-loans to assist micro-entrepreneurs, insurance and student loans, and continues to look for innovative products and services to meet the needs of its clients and grow the organization.

Arc Finance talks with Raymond Serios, Director of Research at NWFT, about how the MFI embraced energy lending as a way to expand its mission and find new ways to grow and attract customers. In 2009, Arc Finance helped the organization launch its energy loan portfolio, and since that time the program has changed in a number of ways as NWTF has learned more about client demands, and as energy products have continued to diversify and evolve. In this extract from a wide-ranging interview, Raymond reveals how NWTF’s business strategy and operational approach to energy has transformed over time, moving from a narrow focus on consumer credit to a model in which members are trained and financed as energy product sales agents.

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Making Energy Microfinance Work in the Philippines — a Conversation with Raymond Serios, Special Projects Manager at NWTF

The Negros Women for Tomorrow Foundation (NWTF) is a one of the Philippines’ oldest and largest microfinance institutions, serving nearly 140,000 clients across the nation’s central island region. Among institutional practitioners of energy microfinance NWTF is notable for its inventive, trial-and-error approach to problem-solving and program development, and its patient, long-term commitment to building a strong, high impact and commercially sustainable model. In this episode, Raymond Serios provides a nuts and bolts account of how the MFI draws on experimentation, client feedback and a close study of the evolving clean energy market to adapt and build its successful energy lending program.

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An Inside Perspective on Change and Evolution In the Micro Solar Sector: A Conversation with Ned Tozun, d.light Design

Product R&D and design, high volume manufacturing, global distribution, sales and marketing – this is the range of one of the world’s best known micro solar companies, d.light. Since 2006, the company has been developing and distributing high-quality, solar portable lighting products to low-income, off-grid customers worldwide. Ned Tozun, d.light’s President and Co-Founder, recently took some time to speak with Arc Finance about the company’s growth, its approach to distribution and marketing, and the role he sees for microfinance in making improved energy affordable for d.light’s target customers.

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