|| Partnerships between product manufacturers, distributors, financial institutions and technology providers are creating new opportunities and greater access to consumer financing for household energy products. This webinar will feature three innovative cookstove consumer financing partnerships that use technology to reach new and expanded networks of (in some cases previously unbanked) consumers:
LivelyHoods Installment Payment Arrangement (LIPA). Kenya-based clean energy product distributor LivelyHoods partnered with pay-as-you-go service provider Angaza to develop a flexible installment payment system to collect M-Pesa payments for stoves from its customers.
Juhudi Kilimo / BioLite psychometric credit assessment pilot. Using a tool developed by Entrepreneurial Finance Lab, Kenya-based Microfinance Institution (MFI) Juhudi Kilimo evaluated credit worthiness for potential BioLite HomeStove customers using survey questions and interactive exercises to measure characteristics like business skills, intelligence, integrity and autonomy.
Equity Bank’s EcoMoto Loan on Equitel. In 2017, Equity Bank, in partnership with MicroEnergy Credits, launched a digital loan, available on both feature and smartphones, through its fintech platform, Equitel, that allows qualified Equity Bank customers to get instant approval and take an EcoMoto loan for a stove or solar light.
Tania Laden is the Executive Director and Co-founder of LivelyHoods, a social enterprise that creates access to life-changing products through a women and youth powered last-mile distribution network. Since 2011, LivelyHoods has created more than 1,100 jobs for youth and women and distributed over 19,000 clean energy products across 14 branches throughout Kenya.
Elvin Walela is the Project Manager for the Juhudi-BioLite Sustainable Cookstove Project. In this role, he has worked with BioLite Holdings KE and Juhudi staff in rural Kenya to provide financially excluded rural smallholder farmers with greater access to high quality cookstoves through innovative financing. Elvin joined Juhudi Kilimo microfinance 4 years ago, and has worked in 8 roles touching on marketing, training, research and development, communications, fundraising, project management, partnerships and innovation.
Matt Goldberg oversees grant project implementation at BioLite, a social enterprise that develops, manufactures, and distributes advanced clean energy technologies to off-grid households around the world. BioLite is the designer and manufacturer of the HomeStove, an ultra-clean biomass cookstove, that reduces smoke by 90 percent and fuel by over 50 percent—all while generating electricity. BioLite retails the HomeStove on credit, working with MFIs in East Africa that have experience financing clean energy products.
Mriganka Lulla is Senior Program Manager at MicroEnergy Credits, where she co-led the launch of EcoMoto on Equitel - the world's first exclusive clean energy mobile loan - in partnership with Equity Bank. Mriganka has worked across the development sector in Kenya, India, South Africa and the USA.
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