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Microfinance for Renewable Energy: financing the 'former poor'

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Author Info
Sunderasan Srinivasan
Abstract

Microbanking facilities have helped large numbers of developing country nationals by supporting the establishment and growth of microenterprises. And yet, the microfinance movement has grown on the back of passive replication and needs to be revitalised with new product offerings and innovative service delivery. Renewable Energy systems viz., solar home systems, biogas digesters, etc., serve to improve indoor air quality, provide superior light and extend working and study hours. Such applications are not inherently income generating and returns on such investments accrue from cost avoidance, but should qualify for microfunding, as such 'quality of life' investments, reflect borrower maturity and simultaneously contribute to MFI sustainability.

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File URL: http://inderscience.metapress.com/link.asp?target=contribution&id=465W2DY850WX9XAV
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Publisher Info
Article provided by Inderscience Enterprises Ltd in its journal World Review of Entrepreneurship, Management and Sustainable Development.

Volume (Year): 3 (2007)
Issue (Month): 1 (January)
Pages: 79-89
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Handle: RePEc:mes:wremsd:v:3:y:2007:i:1:p:79-89

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Web page: http://inderscience.metapress.com/link.asp?target=journal&id=119806

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Related research
Keywords: microfinance MF renewable energy RE microbanking non-self-liquidating loans quality-of-life investments microenterprises new product development service delivery solar energy solar power biogas air quality sustainability sustainable development product innovation

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This page was last updated on 2008-6-22.


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