MicroEnergy Credits » Innovative partnerships

MicroEnergy Credits announces partnership with MicroCred at 2011 Global Microcredit Summit

josie — Tue, 15 Nov 2011 18:00:46 +0000

MicroEnergy Credits announced its latest partnership with MicroCred Group, a group dedicated to building and developing microfinance banks focusing on Africa and China at the 2011 Global Microcredit Summit. The venture is co-financed and leverages MicroCred’s microfinance network and MicroEnergy Credit’s carbon platform. This partnership is part of a growing trend of microfinance institutions expanding their lending programs to include social and environmental benefits.

The partnership will be MicroEnergy Credit’s first in both Senegal and Madagascar and will expand clean energy access to MicroCred’s microfinance clients in those countries. Senegal and Madagascar both suffer from deforestation and energy poverty, creating a need for clean energy products. The partnership will allow clean energy products to go to scale at affordable costs to clients beginning in 2012.

MicroEnergy Credits and XacBank provide carbon offset for Global MicroCredit Summit

josie — Mon, 14 Nov 2011 22:07:49 +0000

The 2011 Global Microcredit Summit is offsetting its carbon emissions through a project implemented by MicroEnergy Credits and XacBank. The emissions reductions have been generated by over 400 insulation coverings used by gers, traditional felt homes in Ulaanbaatar, Mongolia. This carbon funding will enable microfinance households to access improved home insulation, which significantly reduces the amount of coal burned for home heating. The reduction in carbon emissions is also associated with a reduction in air pollution, a life-threatening health issue in Ulaanbaatar.

XacBank’s Vice President of Retail Banking, Delgerjargal Bayanjargal and MicroEnergy Credit’s CEO, April Allderdice, participated in the session, Accessing Carbon Finance through Clean Energy Lending Programs, which detailed how microfinance institutions can scale clean energy lending programs.

Connecting people – Yale Conference on Environment & Financing

James Dailey — Tue, 20 Apr 2010 03:52:49 +0000

This past Saturday (April 17th) at Yale’s University’s School of Management, MEC’s James Dailey spoke to a group of leading practicioners and experts on connecting financing with clean energy for people in low-resource settings. The Conference offered a chance to make new connections and discuss MEC’s innovative approach to partnerships with MFIs to achieve carbon financing.

The conversation explored emerging trends at the service delivery, financing, and policy levels. MEC’s leveraged approach to carbon financing to induce scale was notable at the Conference.