Arc published and disseminated in depth research on new financial products that MFIs are developing to blend financing with energy and water around the world. The creation of these financial products - including lending, savings, remittances and leasing products - resulted in new alliances between MFIs and other entities such as energy and water enterprises to provide livelihood enhancement products to the poor.
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. View PDF ►
UpEnergy’s Carbon Credit Initiative — Driving Down the Costs of Clean Cookstove Adoption
UpEnergy is a San Francisco-based social enterprise that is a leader in the use of carbon credits in developing markets. It finances, builds, and supports distribution channels for products such as high efficiency cookstoves, water purification technologies, and solar lights using carbon credit mechanisms. In Uganda, UpEnergy has focused on cookstoves since launching in October 2011. View PDF ►